Australia's Castle Minerals tumbles on discounted placement

Terranova Metals

19/06/2024 04:54

** Shares of Castle Minerals  CDT.AX  fall as much as 23.1%
to A$0.005, their biggest intraday decline since April 8
    ** Stock hits its lowest level in a week
    ** Battery metals explorer says it has raised A$580,000 via
placement at an issue price of A$0.0045 per share
    ** Issue price represents a 35.7% discount on co's last
close
    ** About 9.6 mln shares change hands, compared with the
30-day average volume of around 1.3 mln
    ** Stock down 47.4% YTD, including session's moves



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))