Australia's Pointerra hits over 3-month low on discounted placement

Pointerra

17/08/2023 06:41

** Shares of Pointerra  3DP.AX  fall as much as 11.11% to
A$0.12, lowest since May 4 
    ** Stock posts its biggest intraday pct fall since Aug 1
    ** 3D tech solutions co says got firm commitments to raise 
A$2 mln ($1.28 mln) through placement of 16.7 mln new fully paid
ordinary shares 
    ** Offer price of $0.12 per share represents a 11.1%
discount to stock's last closing price on Aug 14
    ** Funds raised will be used for development of resources in
Co's US market
    ** About 1.4 mln shares have changed hands, compared with
the 30-day average of 2.3 mln shares 
    ** Stock has fallen 27% this year as of last close

($1 = 1.5652 Australian dollars)


($1 = 1.5657 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))