Australia's Techgen Metals slips on discounted placement

Techgen Metals

10/09/2025 02:17

** Shares of Techgen Metals TG1.AX fall as much as 20% to A$0.024, their lowest level since August 28

** Stock marks biggest intraday fall since early February 2024

** Metal explorer receives commitments for a placement of A$1.2 million ($790,320.00)

** Issue price of A$0.018 per share represents a discount of 40% to the stock's last close

** About 5.7 million shares change hands, 1.3 times the 30-day average of 4.5 million

** Stock is down 22.8% YTD, including the session's moves

($1 = 1.5184 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))