BUZZ-Australia's MetalsTech rises on premium placement

Reuters
26 Mar
BUZZ-Australia's MetalsTech rises on premium placement

** Shares of MetalsTech MTC.AX rise 9.1% to A$0.120, their highest since March 18

** Gold explorer says it will raise A$3.3 million ($2.08 million) at an issue price of 13.7 Australian cents per share

** Issue price represents a premium of 24.5% to stock's last close

** Co says funds will be used for its flagship gold project in Slovakia

** 184,823 shares change hands, 2.2x the 30-day average of 85,530

** Stock down 14.3% YTD, including moves in today's session

($1 = 1.5873 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10