Azure Minerals shares plunge more than 11% after drilling update
Make us a preferred source
Make us a preferred source on Google
The news: Shares of Azure Minerals dropped more than 11% on Monday morning after the lithium explorer released new drilling results.
The numbers: Azure was trading 11.27% lower at $2.52 just before midday. That's a relatively small decline, however, compared to the company's huge share price rise from $0.22 at the start of the year.
The loss comes after it announced thick high-grade lithium intersections at its Andover project in the West Pilbara.
The context: Today's drop comes after Azure revealed new thick high-grade lithium intersections at its Andover project in the West Pilbara. Last month, the company rebuffed takeover offers from its largest shareholder, New York-based SQM.
The source: ASX announcement
