Australia's Variscan Mines drops to over two-month low as half-year loss widens

Altoro Metals

16/03/2026 04:35

** Shares of Variscan Mines VAR.AX fall as much as 33.3% to A$0.006, their lowest level since January 9

** The mineral explorer posts half-year loss after income tax of A$653,827 ($458,201.96) versus loss of A$541,061

** About 6.6 million shares change hands, 2.8x the 30-day average

** Stock up 27.3% this year, including the day's move

($1 = 1.4269 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))