Australia's Phoslock Environmental falls on negative forecast

Phoslock Environmental Technologies

31/10/2022 04:27

** Shares of Phoslock Environmental Technologies Ltd 
 PET.AX  fall as much as 8.2% to A0.045, on track for their
worst day since Sept 19, if losses hold  
    ** The technology and engineering solutions provider says in
short-term, outlook remains challenging for co  urn:newsml:reuters.com:*:nASX6WryTK
    ** Says co's activities and projects are underway but the
number of projects and activities will take time to reach
contracted applications 
    ** Says on longer term, market for co's products & services
continues to grow
    ** Co shares down 38.8% since debut on ASX on Sept 16 
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))