Australia's Metarock Group hits 1-year low after co reports fatality at Queensland mine

Mastermyne

28/03/2022 01:39

** Shares of Metarock Group  MYE.AX  slump as much as 16.2%
to A$0.570, their lowest since March 26, 2021
    ** The mining services group says https://www.asx.com.au/asxpdf/20220328/pdf/457dj8bs36cgjq.pdf
 an employee at its unit Mastermyne Pty Ltd was "fatally
injured" in an incident at the Moranbah North underground mine
in Queensland on March 25
    ** Co says mining operations have been suspended until
further notice
    ** Mastermyne is undertaking an independent investigation
regarding the incident
    ** Stock on track for its worst session since Sept 15, 2021,
if losses hold
    ** Nearly 250,000 shares have changed hands, vs the 30-day
average of about 50,000 shares 
    ** As of last close, MYE down ~19.1% this year
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))