Australia's Prodigy Gold drops most in nearly a year on discounted placement

Prodigy Gold NL

08/10/2026 24:56

** Shares of Prodigy Gold NL PRX.AX slip 18.6% to A$0.048, posting their biggest intraday pct drop since October 13, 2025
** Gold explorer announces entitlement offer to raise up to A$7.92 million ($5.51 million) at an issue price of A$0.047 per share
** Issue price represents a discount of 20.3% to PRX's last close on October 6, before it sought a trading halt
** Funds will be used for exploration work on key projects, including Tanami North and Tanami West
** Nearly 215,000 shares change hands, 1.4 times the 30-day average 
** Stock down 13.8% ytd, including session's moves

($1 = 1.4368 Australian dollars)

 (Reporting by Rudrannsh Mehra in Bengaluru)
 ((Rudrannsh.Mehra@thomsonreuters.com))