** Shares of Rincon Resources fall as much as 15.9% to A$0.037, their biggest intraday percentage loss since Jan 3
** The metals explorer says co has received commitments to raise A$1.4 mln ($937,580) via share placement at an issue price of A$0.033
** Issue price represents a 25% discount on co's last close on Tuesday
** Shares were on a trading halt on Wednesday and Thursday
** About 8.3 mln shares change hands, compared with the 30-day average volume of around 3.2 mln
** Rincon stock lost 67.1% last year
($1 = 1.4932 Australian dollars)
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@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.
Comments