Australia's Scorpion Minerals falls on discounted placement

Ryzon Materials

27/03/2025 03:38

** Shares of Scorpion Minerals SCN.AX slide 15% to A$0.02, lowest since March 14

** Miner to raise A$250,000 ($157,650) via securities at A$0.02 each to expand drilling across gold projects

** Stock posts biggest percentage drop since February 21

** Nearly 4 mln shares traded, ~4x the 30-day average

** Stock cuts YTD gains to about 33%

 ($1 = 1.5858 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))