Australia's Provaris Energy hits over 5-mnth low on discounted placement

Provaris Energy

30/11/2023 01:07

** Shares of Provaris Energy  PV1.AX  fall as much as 6.8%
to A$0.041, their lowest level since June 22
    ** Commodity chemicals producer says received firm
commitments to raise A$1.9 mln ($1.26 mln) at an issue price of
A$0.04 per share
    ** Issue price represents discount of 9.1% to last close
    ** Stock down 4.4% this year as of last close


($1 = 1.5094 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))