Australia's K2fly faces worst day in almost 3 months on contract discontinuation

K2FLY

02/12/2022 24:23

** Shares of K2fly Ltd  K2F.AX  slump as much as 13.2% to
A$0.165 - set to mark worst day since Sept 5, if losses hold
    ** Software services provider and global miner Rio Tinto Ltd
 RIO.AX  agree to discontinue the ground disturbance licence and
implementation project in the Pilbara region of WA - K2fly
    ** K2F stock hits its lowest level since Nov 22
    ** More than 141,000 shares change hands, almost double the
30-day average volume 
    ** Stock down 37.7% this year, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))