Australia's Sayona Mining slumps to 2-year low as CEO resigns

Elevra Lithium

28/08/2023 04:09

** Shares of lithium producer Sayona Mining  SYA.AX  slide
as much as 20.8% to A$0.099, their lowest since Aug 9, 2021
    ** Stock set for worst day since July 2020, if losses hold
    ** Co says Brett Lynch has resigned as managing director and
CEO
    ** Says James Brown, currently a non-executive director, has
been appointed interim CEO 
    ** More than 121.6 mln shares change hands, 3.1 times the
30-day avg of 39.2 mln shares
    ** SYA stock is top loser in ASX 200 benchmark index  .AXJO 
    ** As of last close, stock down 34.2% YTD

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))