Australia's Lycopodium slips after security incident at Ethiopian project

Lycopodium

08/09/2026 03:36

** Shares of Australia's Lycopodium Ltd LYL.AX fall as much as 2.4% to A$20.92, their lowest level since August 20
** Stock on course for its sixth consecutive session of losses, if current trend holds
** The construction firm says it faced a security incident at its Tulu Kapi Gold Project in Ethiopia on September 4
** Lycopodium says it was unimpacted by the event and that its FY27 financial outlook remains unchanged
** YTD, Lycopodium stock up 52.8%

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))