** Shares of Oncosil Medical fall as much as 26.9% to A$0.01, their lowest since Aug. 12
** Stock marks its weakest trading session since April 23
** Medical device maker says it has commitments for a placement of A$7 mln ($4.62 mln) at A$0.01 per share, and proposes to undertake a share purchase plan to raise about A$1 mln at the same price
** Offer price at a 23.1% discounts to its last close on Oct. 23, before a trading halt was placed
** About 32 mln shares change hands, compared with the 30-day average volume of 6.8 mln
** Stock has risen 17.6% YTD
($1 = 1.5142 Australian dollars)
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@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.