BUZZ-Energy Fuels Inc: Worst day in more than 2 years

Wed Mar 9, 2016 10:48am EST
 
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** Canadian uranium miner's U.S.-listed shares down 18.5 pct at $2.24

** Toronto-listed shares down 19 pct at C$3

** Both stocks fall as much as 21 pct, their biggest intra-day percentage drop in nearly 2.5 years

** Company says offering of 4.38 mln units priced at $2.40/unit

** Offering, which represents nearly 10 pct of company's outstanding shares as of Jan. 10, priced at 12.7 pct discount to stock's Tuesday close

** About 814,000 shares traded by 10:20 a.m. ET, more than 6 times stock's 25-day moving average

** Up to Tuesday's close, U.S.-listed stock had fallen 40 pct in 12 months