Nickel Industries Ltd (NIC.AU) experienced a sharp decline of 5.22% during Monday's intraday trading session.

The sell-off followed the company's announcement of its full-year financial results, which included a loss after tax of $41.2 million.

While the miner reported sales revenue of $1,649.1 million for the fiscal year, the disclosed net loss likely drove negative investor reaction and contributed to the stock's downward movement.