BUZZ-Australia's Metarock Group falls most in nearly 2 months as revenue nearly halves

Reuters
2024-10-31

** Shares of Metarock Group fall as much as 5.9% to A$0.160, posting their biggest intraday pct loss since Sept. 4

** Mining services provider posts quarterly revenue of A$62.5 mln ($41.04 mln) vs A$119 mln ($78.17 mln) last year

** Co reports EBITDA of A$3.6 mln ($2.36 mln), compared with A$12.9 mln ($8.47 mln) last year

** Stock hits its lowest level since Oct. 23

** More than 330,000 shares change hands, 4.2x the 30-day avg

** Stock up 30% YTD, as of 0413 GMT

($1 = 1.5223 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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