Australia's Besra Gold falls on legal proceedings against co

Besra Gold

27/09/2024 03:45

** Shares of Besra Gold  BEZ.AX  fall as much as 20.4% to
A$0.074, their biggest intraday pct fall since mid July
    ** Stock hits lowest level since Sept. 19
    ** Gold miner says legal proceedings for dealings with
Quantum Metal Recovery in Ontario court begin
    ** Co says proceedings seek damages for negligent
misrepresentation of C$2.0 mln ($1.48 mln), others
    ** BEZ in process of seeking legal advice
    ** Over 1.2 mln shares traded, 2.2x the 30-day average
volume
    ** Stock down 38% YTD as of last close


($1 = 1.3486 Canadian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))