Novo Resources' Australian shares fall most in 3 months as HY losses swell

Novo Resources

18/03/2024 01:24

** Australia-listed shares of Novo Resources  NVO.AX  fall
as much as 17.7% to A$0.14, marking biggest intraday pct drop
since mid-December 2023
    ** Stock at its lowest level since Dec. 18, 2023
    ** Resources explorer posts HY net loss after tax from
continuing operations of A$48.9 mln ($32.08 mln) vs loss of
A$16.1 mln a year earlier
    ** About 265,800 shares change hands by 0103 GMT, vs the
30-day average volume of 60,600 shares
    ** Stock down 10.5% YTD, as of last close

($1 = 1.5244 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))