Business
Why Aurelia Metals, PolyNovo, SKYCITY, & Tyro shares are dropping lower // Motley Fool Australia
In afternoon trade the S&P/ASX 200 Index (ASX: XJO) remains suspended following a system upgrade failure at the Australian stock exchange. Prior to the pause, the benchmark index was up a solid 1.2% to 6,484.3 points.
Four shares that have failed to follow the market higher today are listed below. Here’s why they are dropping lower:
The Aurelia Metals share price is down almost 12% to 44.5 cents. Investors have been selling the gold mining and exploration company’s shares after it completed its institutional placement and the institutional component of pro rata accelerated non-renounceable entitlement offer. Aurelia notes that it had strong institutional support, raising approximately $93 million at a discount of 43 cents per…
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