BUZZ-Australia's Meeka Metals loses most in more than 4 years on discounted placement

Reuters
04 Nov 2024

** Shares of Meeka Metals slide as much as 18.4% to A$0.071; biggest intraday pct fall since March 18, 2020

** Gold and rare earth co gets commitments to raise A$35 mln ($23 mln) at A$0.07, a 19.5% discount to last close

** Around 32 mln shares traded in stock's busiest session since Aug. 10, 2022

** MEK gains 85% YTD

($1 = A$1.5145)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com;))

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