Australia's Predictive Discovery drops after Guinea revokes offshore permits
28/05/2025 04:41
** Shares of gold explorer Predictive Discovery PDI.AX down 19.5% at A$0.35, after hitting lowest since April 9 earlier ** PDI set for its sharpest one-day pct drop since mid-October 2021 ** Co says Guinea's Ministry of Mines and Geology has revoked over 100 of its exploration permits ** Around 24.8 mln shares changed hands, more than 5x its 30-day average of 4.38 mln ** Stock trims YTD gains to 52.2% (Reporting by Shruti Agarwal in Bengaluru) ((Shruti.Agarwal@thomsonreuters.com))
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