Australia's Pure Foods Tasmania hits record low on discounted placement

Pure Foods Tasmania

01/05/2024 03:09

** Shares of Australia's Pure Foods Tasmania  PFT.AX  fall
as much as 13.6% to a record low of A$0.038 
    ** Stock posts its biggest intraday pct fall since March 4  
 
    ** The food and beverage business firm to potentially raise
A$2.2 mln ($1.42 mln) at issue price of A$0.04 per share
    ** Issue price represents a discount of 9.1% to stock's last
closing
    ** Nearly 4,350 shares change hands, as of 0200 GMT, vs
30-day average volume of 57,373 shares
    ** Stock down 52.7% YTD, as of last close

   ($1 = 1.5456 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))