October 29, 2018 / 1:58 AM / 9 months ago

BUZZ-Australia's Roto-Gro International sees worst day since debut

** Farming systems maker Roto-Gro International Ltd falls as much as 19 pct to A$0.405, in its steepest ever intraday pct drop

** Stock touches lowest in nearly 2 weeks

** Co to buy Supra THC from Valens GroWorks Corp for C$11 mln ($8.39 mln)

** Supra THC is licensed to process, test, research, produce, sell and distribute cannabis

** Eighty pct of consideration to be paid via issue of 2.3 mln RotoGro shares at deemed price of A$0.40 each

** Issue price at 20 pct discount to last close

** Nearly 443,300 shares change hands, compared with 30-day average of 201,800 shares

** Stock had risen 28.2 pct this year as of last close ($1 = 1.3105 Canadian dollars) (Reporting by Devika Syamnath in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below