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…