Australia's Wide Open Agriculture hits record low on discounted placement

Wide Open Agriculture

09/05/2024 02:12

** Shares of Australia's Wide Open Agriculture  WOA.AX  fall
as much as 67.5% to hit a record low of A$0.027 
    ** Stock eyes its worst day ever
    ** Food and agriculture co launches placement of A$10 mln
($6.57 mln) at issue price of A$0.02 per share
    ** Issue price at a discount of 75.9% to stock's last
closing
    ** Around 1.3 mln shares change hands as of 0108 GMT, vs
30-day average volume of 150,530 shares
    ** Stock down 49.7% YTD as of last close

($1 = 1.5218 Australian dollars)

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