Australia's AUCyber hits record low as CEO resigns, co withdraws outlook

Aucyber

04/12/2024 01:18

** Shares of cyber security provider AUCyber  CYB.AX  fall as
much as 45% to A$0.11, reaching an all-time low
** Co's CEO Peter Maloney has tendered resignation
    ** Co has missed revenue expectations for 4 months leading
to October and has withdrawn FY25 EBITDA and revenue outlook
    ** 871,957 shares change hands, compared with the 30-day
average volume of 46,474 
    ** Stock has fallen 64.8% this year as of last close

(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))