UK's Petra Diamonds slumps on CEO exit, widening first-half losses

Petra Diamonds

17/02/2025 08:31

** Shares of diamond miner Petra Diamonds  PDL.L  fall 13.8%
to 25 pence; top pct loser on FTSE smallcap  .FTSC , which is up
0.07% 
    ** Co appoints Vivek Gadodia and Juan Kemp as joint CEOs
amid widening first-half losses following Richard Duffy's
resignation
    ** Posts wider loss of $69 million in six months to December
2024, compared with $11 million loss from year ago
    ** During Duffy's tenure, PDL's stock fell ~97%
    ** Stock fell 55.7% in 2024


 (Reporting by DhanushVignesh Babu in Bengaluru)
 ((DhanushVignesh.Babu@thomsonreuters.com;))