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VRS - Veris News Story

A$0.07 0.0  0.0%

Last Trade - 1:08am

Micro Cap
Market Cap £15.7m
Enterprise Value £33.5m
Revenue £52.0m
Position in Universe 1371st / 1896

BUZZ-Australia's Veris hits near 2-week low on discounted placement

Thu 25th February, 2021 12:42am
** Shares of Veris Ltd  VRS.AX  fall as much as 3.9% to
A$0.075, their lowest since Feb 12
    ** Infrastructure services provider to raise A$7.5 mln
($5.98 mln) via placement of 107.1 mln shares at A$0.07 each - a
10.3% discount to stock's last close*:nASN000VIC
    ** Issue size represents about 70% of co's free float as of
Feb 1
    ** Stock posts its biggest intraday percentage fall since
Feb 10
    ** More than 892,000 shares change hands vs 30-day average
volume of about 268,700 shares
    ** Stock had fallen 3.7% this year, as of last close

($1 = 1.2542 Australian dollars)

 (Reporting by Nikhil Subba in Bengaluru)
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