Australia's Rumble Resources slides most since July on discounted placement

Rumble Resources

01/11/2024 05:04

** Rumble Resources  RTR.AX  slides as much as 15.2% to
A$0.048, its biggest intraday pct loss since July 16
    ** Miner gets commitments to raise A$7 mln ($4.6 mln) via
placement of 157.4 mln new shares
    ** Issue price of A$0.045 is a ~20% discount to last close
    ** Co says funds will be used for gold exploration in
Western Australia and other places
    ** Stock hits its lowest since Oct. 14
    ** Over 3.9 mln shares traded, 3.6x the 30-day avg
    ** RTR down 42.9% YTD

($1 = A$1.5202)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))