Australia's Petratherm hits two-week low on discounted placement

PTR Minerals

28/04/2022 03:41

** Shares of copper and gold explorer Petratherm Ltd
 PTR.AX  slide as much as 10.7% to A$0.125, hit two-week low
    ** Co announces A$3.1 mln ($2.21 mln) capital raise to fund
drilling operations at its Comet and Woomera projects in South
Australia  urn:newsml:reuters.com:*:nASX1yThHj
    ** Issue price of A$0.12 represents 14.3% discount to its
last close on April 22, before it went on a trading halt
    ** Stock on track for its third straight day of losses 
    ** More than 3.17 mln shares change hands, which is slightly
above its 30-day average volume
    ** Stock has risen over three-fold this year, as of last
close

($1 = 1.4059 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))