These were the worst performing ASX 200 shares last week 14 November 2020 // Motley Fool Australia

Despite a soft finish to the week, the S&P/ASX 200 Index (ASX: XJO) recorded another strong gain last week. The benchmark index rose a sizeable 215 points or 3.5% to 6,405.2 points.

Not all shares were able to climb higher with the market last week. Here’s why these were the worst performers on the ASX 200 over the five days:

Ramelius Resources Limited (ASX: RMS)

The Ramelius share price was the worst performer on the ASX 200 last week with a 14.1% decline. Investors were selling its shares after a pullback in the gold price following news of a potentially effective COVID-19 vaccine being developed. This led to a huge improvement in investor sentiment and a collapse in demand for safe haven assets. For the same reason, the…