Australia's Peninsula Energy falls after capital raise

Peninsula Energy

25/11/2022 03:10

** Shares of Peninsula Energy Ltd  PEN.AX  fall as much as
19.4% to A$0.125, on track to see their worst day since May 9,
if losses hold 
    ** Uranium miner says co has successfully completed
placement of A$32 mln ($21.64 mln)  urn:newsml:reuters.com:*:nASX9R4Jgv
    ** Shares hit lowest since Aug. 23
    ** Says placement is at an offer price of A$0.131 per share
which is at a 15.5% discount to stock's last close
    ** Says co also to undertake a non-underwritten share
purchase plan to eligible shareholders in Australia and New
Zealand to raise up to a maximum of A$3 mln  
    ** More than 15.84 mln shares traded, vs 30-day average
trading volume of 1.64 mln shares
    ** Shares down 22.5% YTD, as of last close 
($1 = 1.4786 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))