Caprice Resources plunges 30% on admitting it withheld exploration results

Caprice Resources

01/04/2025 05:27

** Shares of Australia's Caprice Resources CRS.AX fall 30.23% to A$0.06, their lowest level since March 19

** Mineral explorer admits to ASX it withheld unannounced exploration results from its Island Gold Project when questioned about share price movements

** Co simultaneously releases completed second-phase drill program results and responds to ASX price query, confirming all assays have been received and reviewed

** CRS attributes delay in announcing drilling results to incomplete data and ongoing quality assurance processes

** 63.8 mln shares change hands, vs the 30-day average of ~10 mln shares

** Stock fell as much as 36.1% earlier in the day, marking its worst intraday drop since October 19, 2023

** Stock up 160.9% this year, including the day's move, vs a 3% pct decline in the benchmark S&P ASX 200 index .AXJO

(Reporting by Roushni Nair in Bengaluru)

((Roushni.nair@thomsonreuters.com;))