Australia's Corum Group drops after CEO resigns

Pharmx Technologies

01/02/2022 24:44

** Shares of Corum Group  COO.AX  fall as much as 3% to
A$0.065, post their biggest intraday pct drop since Dec. 30
    ** Software developer says Julian Sallabank has resigned as
chief executive officer and managing director, effective
immediately  urn:newsml:reuters.com:*:nFWN2UB1PV
    ** Says Sallabank will be resuming his previous position as
managing director of Tegmen Fund 
    ** Co says Chairman Nick England will act as interim CEO 
while a search for a new CEO goes on    
    ** Nearly 549,000 shares change hands, 2.6 times the 30-day
average volume of about 208,100 shares     
    ** Stock hits lowest since Jan. 10
    ** Stock had risen 3.2% this year, as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))