Australia's Sabre Resources plunges as WA project strikes no gold

Sabre Resources

03/03/2021 01:33

** Shares of gold explorer Sabre Resources Ltd  SBR.AX  fall
as much as 42.9% to A$0.004, marking their biggest intraday pct
loss since March 12, 2020
    ** Co says drilling at its Bonanza Gold Project in Western
Australia revealed no significant gold intersections
 urn:newsml:reuters.com:*:nASX9Wm4np
    ** Stock hits lowest since Aug. 20, 2020
    ** Nearly 152 mln shares change hands, compared with the
30-day average volume of ~10 mln
    ** Stock down 22.2% YTD, as of last close 

 (Reporting by Arundhati Dutta in Bengaluru)
 ((arundhati.dutta@thomsonreuters.com;))