Australia's Turnstone Resources soars on premium placement

Turnstone Resources

04/09/2026 03:49

** Shares of Australia's Turnstone Resources TSR.AX surge as much as 55.6% to A$0.028, hitting their highest level since June 18
** Stock logs its biggest intraday pct gain since June 18
** Diversified miner discloses A$1.1 million ($792,770.00)placement at A$0.02 per share, an 11.1% premium to last close on August 28
** Co resumes trade after trading halt 
** Adds, proceeds will be used to advance evaluation of new critical minerals opportunities, among others 
** YTD, stock down 8%





($1 = 1.3875 Australian dollars)

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))