Australia's Hancock & Gore falls on discounted placement

Schoolblazer

29/11/2023 03:04

** Shares of Australia's Hancock & Gore  HNG.AX  fall as
much as 2.4% to A$0.4, their lowest level since Nov 16 
    ** HNG stock posts its biggest intraday pct fall since Nov
17
    ** The investment co says it received commitments to place
A$11.0 mln ($7.32 mln) at issue price of A$0.36 per share 
    ** Issue price represents a discount of 12.2% to stock's
last closing    
    ** Issue of 30.7 mln shares represent 0.3% of co's free
float of 93.3 mln shares - LSEG data    
    ** Nearly 73,026 shares change hands, as of 0301 GMT, vs
30-day average volume of 45,169 shares
    ** Stock up 46.4% YTD, as of last close
   
    ($1 = 1.5029 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))