Australia's TechGen Metals loses most in over 2-1/2 years on discounted placement

Techgen Metals

18/06/2026 01:31

** Shares of Australia's TechGen Metals TG1.AX fall as much as 25% to A$0.018, their biggest intraday pct fall since early-October 2023
** Stock at its lowest level since June 12
** The mineral explorer accepts binding commitments for A$2.7 million ($1.90 million) two-tranche placement at an issue price of A$0.016 per share
** Issue price at a discount of 33.3% to the stock's last closing
** Funds to be allocated towards drilling at co's Dalgaranga and John Bull Gold projects, others - TG1
** Near 2.2 million shares change hands, 2.1x the 30-day average volume
** Stock has fallen 35.1% this year, including the session's moves
     
     
($1 = 1.4231 Australian dollars)

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