Australia's Unith hits over 1-week low on discounted capital raise

Unith

03/03/2023 01:37

** Shares of Unith Ltd  UNT.AX  fall as much as 8.6% to
A$0.032, their lowest since Feb. 21
    ** Stock sees biggest intraday fall since. Feb 23
    ** Artificial intelligence co intends to raise up to
A$500,000 ($337,500.00) by a share purchase plan at A$0.033
apiece, which is at a 5.7% discount to stock's last close 
    ** Shares are up 59.1% YTD as of last close 

($1 = 1.4815 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))