Australia's RemSense Technologies hits record low on discounted placement

RemSense Technologies

06/11/2023 04:17

** Shares of Australia's RemSense Technologies Ltd  REM.AX 
fall as much as 27.6% to A$0.042, their lowest ever
    ** Technology development firm says it has received firm
commitments to raise A$294,930 ($192,028.92) via placement at 4
Australian cents per share
    ** Placement price represents a 31% discount on co's last
close on Oct. 13
    ** Shares had been suspended from quotation since Oct. 16
    ** Stock posts its biggest intraday percentage fall since
March 22
    ** 197,508 shares change hands, compared with the 30-day
average volume of 19,111
    ** Stock up down 65.9% YTD, based on last close


($1 = 1.5359 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))