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Why the 5G Networks share price is sinking lower today – Motley Fool Australia
The 5G Networks Ltd (ASX:5GN) share price has returned from its trading halt and is sinking lower on Monday. Here’s why…
The 5G Networks Ltd(ASX: 5GN) share price has started the week deep in the red after returning from a trading halt.
In afternoon trade the data networks company’s shares are down 8% to $1.96.
Why is the 5G Networks share price sinking lower?
The 5G Networks share price has come under pressure on Monday after it announced the successful completion of its institutional placement.
According to the release, the company raised $27.5 million through the issue of 15.28 million new shares at $1.80 p…
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