Australia's Roolife Group rises on premium placement

Roolife

29/02/2024 04:30

** Shares of Roolife Group  RLG.AX  rise as much as 71.4% to
A$0.012, their highest level since Nov. 24, 2023
    ** E-commerce co says agreed to strategic placement of A$1.5
million
    ** Says issue price of A$0.0085 per share, representing a
premium of 21% to stock's last closing price of A$0.007
    ** About 6.1 million shares change hands, 7.6 times the
30-day average volume of shares
    ** Stock has fallen 22.2% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))