Business
These were the worst performers on the ASX 200 last week 27 March 2021
Last week certainly was a good one for the S&P/ASX 200 Index (ASX: XJO). Over the five days the benchmark index added 1.7% to end the period at 6,824 points.
Unfortunately, not all shares on the index were able to follow its lead. Here’s why these ASX 200 shares were the worst performers last week:
The Resolute Mining share price was the worst performer on the ASX 200 by some distance with a 26% decline. This decline was driven by news that the company’s Bibiani Gold Mine licence in Ghana has been terminated by the government. As a result, Resolute has been advised to cease all activities and operations at the site. Given that the company is currently in the process of selling the asset to Chifeng Jilong Gold Mining for…
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