Australia's Pursuit Minerals falls on CEO's breach of trading policy

Pursuit Minerals

11/12/2023 02:12

** Shares of Pursuit Minerals  PUR.AX  fall as much as 11.1%
to A$0.008, facing their worst day since Dec. 4, if losses hold
    ** Stock hits lowest since Dec. 8
    ** Co says on-market share acquisition conducted by Managing
Director and Chief Executive Officer (CEO) on Aug. 29 which did
not comply with trading policy
    ** PUR says CEO acquired 40,837 ordinary shares at a price
of A$0.012 per share
    ** Adds acquisition of shares due to oversight and no
evidence of any misconduct
    ** Co has taken action to address the situation; CEO has
been notified of breach
    ** Stock has fallen 43.8% YTD, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))