Mineral Resources Ltd (MIN.AU) saw its shares plummet 5.62% during intraday trading on Friday, marking a significant downturn for the mining services and iron ore company.

The sharp decline followed the company's release of its fiscal first-half results, which revealed a mixed performance. While underlying earnings beat expectations, the attributable net profit after tax of AU$495 million fell short of analyst forecasts. Jarden Research noted the results were "messy" with numerous one-off items and maintained its sell rating on the stock with a price target of AU$21.7, contributing to negative investor sentiment.