Business
Nickel Mines (ASX:NIC) share price plunges 12% on quarterly report
The Nickel Mines Ltd (ASX: NIC) share price was burrowing deep underground today. By the market’s close, shares in the nickel producer were trading at $1.13 – down 12.06%. By comparison, the S&P/ASX 200 Index (ASX: XJO) ended the day 0.17% lower.
Today’s steep price movement came after the company released its activities report for the third quarter (Q3) of FY21.
Let’s take a closer look at today’s report.
Nickel Mines share price sinks
In a statement to the ASX, Nickel Mines reported disappointing results for the last quarter, with massive declines across the board.
Nickel sales fell 10.0% from the prior corresponding period (pcp) to 10,257 tonnes. Production of the 28th element at the company’s Ranger Nickel Rotary…
-
Noosa News23 hours agoQueensland government and nurses and midwives reach in-principle pay deal after months of negotiation
-
Noosa News12 hours agoPill checking to resume in Queensland months after government axed funding
-
Noosa News22 hours agoBrisbane nation’s third-youngest capital; Leaders condemn anti-immigration rally
-
Business15 hours agoWhy Austal, Boss Energy, Harvey Norman, and NextDC shares are charging higher today