Renergen’s warning of greater loss sends share price tumbling
The emerging natural gas and helium producer said its interim loss will widen by 49.7%-60%
The share price of emerging natural gas and helium producer Renergen tumbled in early trade on Friday after it said it expected its interim loss to widen as a result of various factors including greater borrowing costs and foreign-exchange losses.
After falling as much as 20% in early trade, the share price pared losses by the close, finishing 5.69% lower at R14.48. It is down about 40% so far this year...
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