BUZZ-Australia's Genetic Technologies tumbles on discounted placement in US

Reuters04-19

** Shares of Genetic Technologies fall as much as 25.7% to A$0.130, posting their biggest intraday pct decline since Dec. 18, 2023

** Stock hits its lowest level since April 4

** Molecular diagnostics co announces a $2 mln direct offering for its American depository shares $(ADS.AU)$

** Issue price of $2.00 per ADS represents a 39.4% discount to last close

** About 385,600 ASX-listed shares change hands, compared with the 30-day average volume of 59,427

** Stock up 29.6% YTD, as of last close

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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