Australia's Sayona Mining hits over 3-yr low on revenue, output slump

Elevra Lithium

25/07/2024 04:07

** Shares of Sayona Mining  SYA.AX  fall as much as 6.3% to
A$0.03, their lowest since March 16, 2021
    ** Stock posts its biggest intraday percentage decline since
June 28
    ** Lithium miner posts quarterly revenue from its North
American Lithium (NAL) business of A$25 mln ($16.38 mln), down
from A$58 mln in the previous quarter
    ** Reports quarterly ore mined from NAL of about 233,700 wet
metric tonnes, down 33% Q-o-Q 
    ** About 50.7 mln shares change hands, compared with the
30-day average volume of around 30 mln
    ** Stock down 57% YTD, including session's moves

($1 = 1.5260 Australian dollars)

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