Australia's Radiopharm Theranostics hits near 2-month high on premium placement

Radiopharm Theranostics

25/06/2024 02:25

** Shares of Radiopharm Theranostics  RAD.AX  rise as much
as 35.3% to A$0.046, their highest level since April 29 
    ** Radiopharmaceutical products maker raises A$70 mln
($46.56 mln) through a placement 
    ** Issue price of A$0.04 per share represents a 17.6%
premium to stock's last close
    ** Co says radiopharmaceutical co Lantheus subscribed for
A$7.5 mln at A$0.05 per share in co, among others
    ** About 4.4 mln RAD shares change hands, compared with the
30-day average trading volume of 757,561 shares 
    ** Shares down more than 50% YTD, as of last close 
   
($1 = 1.5033 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))