Tiger Brokers

BUZZ-Australia's Terra Uranium sinks to record low on discounted placement

Reuters
Dec 16, 2024

** Shares of Terra Uranium fall as much as 12.5% to a record low of A$0.042

** Stock posts its biggest intraday pct drop since mid-May

** Uranium explorer receives firm commitments to raise A$320,000 ($204,032.00) via placement

** Placement issue price A$0.045 per share, a 6.3% discount to stock's last close

** Co says funds will be used to advance development of uranium exploration at co's projects in Athabasca Basin, Canada

** More than 750,000 shares change hands, 8.1 times the 30-day avg of about 93,000 shares

** Stock down 66.9% YTD, including current session's moves

($1 = 1.5684 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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