Australia's MinRes falls as CEO sells $88 million worth of shares

Mineral Resources

15/05/2026 01:32

** Shares of Australia's Mineral Resources MIN.AX fall as much as 7.1% to A$65.160, logging their worst intraday trading session since March 9

** Stock hits lowest level since May 1

** Miner says CEO Chris Ellison sold 1.8 million shares for A$122.5 million ($88.41 million)

** MinRes among top losers on the ASX200 benchmark index .AXJO, which is up 0.4%, as of 0027 GMT

** Stock up 22.8% this year, including the day's move

($1 = 1.3856 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))