Chrysos (ASX:C79) said that the Commonwealth Scientific and Industrial Research Organisation (CSIRO) sold about 10.8 million of the company's shares, representing about half of its investment, according to a Wednesday filing with the Australian bourse.
CSIRO now owns an about a 9% stake in the company, and does not intend to further reduce its stake in the neat term, the filing said.
Shares of the company fell 6% in recent Wednesday trade.
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.