Australia's Aeris Resources falls on HY loss, lower profit view

Aeris Resources

28/02/2023 04:08

** Shares of Aeris Resources Ltd  AIS.AX  fall as much as
15.9% to A$0.580, their lowest since Jan 9
    ** After market hours on Monday, the gold-copper explorer
posted HY loss attributable A$49.8 mln ($33.57 mln), compared
with a profit of A$14.1 mln a year ago
    ** Co also lowers its FY 2023 EBITDA outlook to A$80 mln -
A$110 mln, compared with earlier forecast of A$140 mln - A$170
mln
    ** Aeris stock is second-biggest loser in ASX All Ordinaries
index  .AORD   
    ** More than 5.4 mln shares change hands, 2.7x the 30-day
average volume of 2 mln shares
    ** Stock up 22.1% this year, as of last close
    
  
     ($1 = 1.4835 Australian dollars)

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))