Australia's Lake Resources falls as half-yearly loss widens

Lake Resources NL

06/03/2024 24:40

** Shares of Lake Resources NL  LKE.AX  fall as much as 6.5%
to A$0.108, their lowest since Feb 26 
    ** The lithium developer posts HY loss after income tax
attributable of A$28.3 mln ($18.38 mln), compared with loss of
A$1.8 mln in pcp
    ** Co says HY income fell 20.6% to A$20.8 million 
    ** LKE stock on track for its third consecutive session of
losses
    ** Stock down 11.5% YTD, as of last close
 

   ($1 = 1.5396 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))