Australia's Warriedar Resources falls on discounted placement

Warriedar Resources

30/07/2024 02:03

** Shares of Australia's Warriedar Resources  WA8.AX  fall
as much as 12.9% to A$0.061, their lowest level since July 15
    ** Stock posts its biggest intraday pct fall since July 19
    ** Gold and copper explorer announces A$4.0 mln ($2.62 mln)
placement at issue price of A$0.057 per share
    ** Issue price represents a discount of 18.6% to stock's
last closing
    ** Placement to fund co's exploration projects
    ** More than 1 mln shares change hands by 0043 GMT, vs
30-day average volume of 2.6 mln shares
    ** Stock up 32.1% YTD, as of last close

($1 = 1.5279 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))