Australia's Vital Metals drops most since March 2020 after CEO resigns

Vital Metals

21/03/2023 03:51

** Shares of rare earths explorer Vital Metals  VML.AX  drop
as much as 23.8% to A$0.016, their worst intraday loss since
March 19, 2020
    ** Says CEO John Dorward has stepped down after less than a
year at the helm
    ** Stock hits lowest level since Sept. 14, 2020
    ** Trading volumes nearly 8x the 30-day average, with over
43 mln shares traded so far
    ** As of last close, stock up 10.5% YTD

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))