BUZZ-Australia's Forrestania Resources hits record low after withdrawing from WA project

Reuters
03 Sep 2024

** Shares of Forrestania Resources fall as much as 26.7% to hit a record low of A$0.011

** The lithium, gold and nickel miner says it has withdrawn the option to acquire the Koolyanobbing Fe Project in Western Australia through its holding company, Netley Minerals

** Says co will focus on gold and copper projects in Western Australia

** Shares post their biggest intraday pct loss since June 28, 2023

** About 1.8 mln shares exchange hands vs the 30-day avg of 411,755

** Stock down 46,4% YTD, as of last close

(Reporting by Echha Jain in Bengaluru)

((Echha.jain@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10