Australia's Singular Health Group hits 1-week low

Singular Health

06/12/2022 04:45

** Shares of Singular Health Group Ltd   SHG.AX  fall as
much as 13.8% to A$0.125, on track for worst day since Nov. 24
if losses hold
        ** Stock posts its lowest level since Nov. 29
    ** The medical technology co says it will raise A$1 mln
($672,400.00) via placement of shares
    ** Issue price of 11.5 AU cents per share represents a 20.7%
discount to the stock's last close 
    ** Co says funds raised to be used for transaction costs of
the SPP and Global3D acquisition, among others 
    ** Adds it will acquire material 3D printing assets from
Global 3D, a Perth-based advanced 3D printing co
    ** More than 310,000 shares change hands, vs the 30-day
average volume of 106,000 shares
    ** Stock has fallen 48.2% so far this year, as of last close
($1 = 1.4872 Australian dollars)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))