Australia's Liontown Resources tumbles on quarterly sales drop

Liontown

28/10/2025 04:21

Updates

** Liontown Resources LTR.AX declines as much as 14.3% to A$1.038, their largest intraday pct drop since September 10

** Stock among top losers on the broader benchmark .AXJO, which is down 0.3%

** Battery minerals producer reports Q1 concentrate sales of 77,474 dmt, representing 20% drop compared to previous quarter

** Jarden says while sales beat brokerage estimates, realised commodity price was a key weakness; timing of sales was a key influence, with prices strengthening late in the quarter

** Around 25.9 million shares change hands vs 30-day avg volume of 23.4 million shares

** Stock up 104.3% YTD, including the day's moves

 (Reporting by Jasmeen Ara Shaikh and Nikita Maria Jino in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))