OKYO shares are trading lower after the company announced a $4 million public offering of ordinary shares.
Portfolio Pulse from Benzinga Newsdesk
OKYO Pharma Limited has announced a $4 million public offering of ordinary shares, leading to a decrease in its stock price.
September 13, 2023 | 8:32 pm
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OKYO Pharma's stock price is trading lower following the announcement of a $4 million public offering of ordinary shares.
The announcement of a public offering often leads to a decrease in the stock price as it dilutes the value of existing shares. In this case, OKYO Pharma's announcement of a $4 million public offering has led to a decrease in its stock price.
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IMPORTANCE 80
RELEVANCE 100