** Shares of Podium Minerals POD.AX fall 21.6% to A$0.029, their lowest level since May 22
** Stock set for weakest trading session since late November 2023, if trends sustain
** Diversified miner to undertake entitlement offer to raise A$2.6 million ($1.68 million)
** Entitlement offer issue price at A$0.023 per share, a 37.8% discount to stock's last closing price
** Says funds will advance metallurgical test work on co's Parks Reef project in Western Australia
** Around 2.3 million shares change hands, 2.4 times the 30-day avg volume
** Stock down 9.4% YTD, including current session's moves
($1 = 1.5513 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@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.