Petra shares plunge as diamond price batter results
SA’s second-largest diamond miner at record lows on weak global demand
16 September 2019 - 13:16
Petra Diamonds’ shares fell to a record low after its annual financial results showed the ravages of low global diamond prices.
Petra, which is listed in London, but has all but one of its four mines in SA, reported a posttax loss of $258m for the year to end-June compared to a $203m loss the year before. Its shares fell by 7% to 8p, which Reuters reported was a record low...
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