SHARES in listed Sunraysia dried fruit business Murray River Organics have resumed trading on the Australian Securities Exchange (ASX).
The company, which uses the share code MRG, announced last week it had completed a raising of about $25 million from investors.
In a statement, MRG said the funds – along with the proposed sale of non-core farming assets – would enable the restructuring and resizing of an existing debt facility.
The money was also intended to help execute the company’s branded food product growth strategy.
MRG shares had been in a trading halt since November as the capital raising took place.
Following its completion, shares resumed trade on Thursday, closing the day at 1.5c.
As the market was battered on Monday due to fears about the economic fallout of COVID-19, also known as the coronavirus, MRG shares closed at 1c.
Shares in listed Langtree Avenue brewer Broo on Monday were also priced at 1c.
The Australian stock market suffered its worst single day since 2008 as a developing price war over oil added to the global tumult.
The ASX200 index shed about $155 billion in value, plunging 7.33 per cent, to a two-year low.
