Australia's Metarock Group falls most in nearly 2 months as revenue nearly halves

Mastermyne

31/10/2024 05:09

** Shares of Metarock Group  MYE.AX  fall as much as 5.9% to
A$0.160, posting their biggest intraday pct loss since Sept. 4
    ** Mining services provider posts quarterly revenue of
A$62.5 mln ($41.04 mln) vs A$119 mln ($78.17 mln) last year
    ** Co reports EBITDA of A$3.6 mln ($2.36 mln), compared with
A$12.9 mln ($8.47 mln) last year
    ** Stock hits its lowest level since Oct. 23
    ** More than 330,000 shares change hands, 4.2x the 30-day
avg
    ** Stock up 30% YTD, as of 0413 GMT

($1 = 1.5223 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))