Australia's Spectur sinks on discounted placement

Spectur

19/07/2022 03:09

** Shares of security solutions provider Spectur  SP3.AX 
slide as much as 27.5% to A$0.037, post their worst intraday
loss since April 20, 2020 
    ** Co raises A$1.9 mln ($1.30 mln) via share placement for
market expansion, marketing, purchase of additional inventory to
mitigate supply-chain risks, among others  urn:newsml:reuters.com:*:nASX7bmQnq 
    ** Issue price of A$0.036 per share represents a 29.4%
discount to the stock's last close of A$0.051 
    ** SP3 stock hits lowest level since June 28
    ** Trading volumes more than 8 times the 30-day average,
with about 1.3 mln shares traded so far 
    ** Stock down 41.4% this year, as of last close 

($1 = 1.4667 Australian dollars)

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))