Australia's Cooper Metals slips to over 4-month low on downbeat drilling results

Cooper Metals

13/03/2024 01:30

** Shares of Cooper Metals Ltd  CPM.AX  fall as much as
52.7% to A$0.130, posting their record intraday percentage loss
    ** Stock hits its lowest level since Nov 7, 2023
    ** The mineral explorer reports negative drilling results
from its Mt Isa East copper-gold project in Queensland
    ** Co says drilling has found a relatively narrow steeply
dipping sulphide mineralised vein at project
    ** Adds drilling has not intersected the expected broad
intercepts of copper mineralisation so far
    ** About 4.6 mln shares change hands, compared with the
30-day average volume of 239,069
    ** Stock down 19.1% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))