Australia's Stelar Metals slides on discounted share placement
03/08/2026 03:32
BUZZ-Australia's Stelar Metals slides on discounted share placement ** Shares of Australia's Stelar Metals SLB.AX fall as much as 16.7% to A$0.200, biggest intraday pct loss since May 15, 2026
** Mineral explorer discloses placement of A$2.6 million ($1.83 million) at A$0.20 per share, representing a 16.7% discount to stock's last close on July 29
** Shares were halted for trading on July 30
** Funds will be used to undertake field activities and drilling at the Hill of Leaders Tungsten Project in Northern Territory in Australia
** Stock up 211.6% YTD, including session's move
($1 = 1.4221 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)
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