Australia's Senetas Corp hits over two-year low on discounted placement

Senetas

04/05/2022 03:04

** Shares of Senetas Corp Ltd  SEN.AX  fall as much as 9.1%
to A$0.04, lowest since April 2020 
    ** Data encryption hardware co announces completion of A$5
mln ($3.56 mln) placement to support additional investments in
unit Votiro Cybersec Global Pty Ltd  urn:newsml:reuters.com:*:nASX62znBz
    ** Issue price of A$0.038/share represents a discount of
13.6% to stock's last close on May 2
    ** Stock went on trading halt on May 3 pending announcement
on capital raising  urn:newsml:reuters.com:*:nASM0009XP
    ** Stock to mark worst day since December 2021, if losses
hold 
    ** More than 1.8 mln shares change hands, compared with the
30-day average volume of about 560,000 shares 
    ** Stock down 15.4% this year, as of last close

($1 = 1.4059 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))