Why Bellevue Gold, Coles, NRW, & Perpetual shares are trading lower today

In afternoon trade the S&P/ASX 200 Index (ASX: XJO) has bounced back from a soft start and is pushing higher. At the time of writing, the benchmark index is up 0.1% to 6,890.2 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are trading lower:

The Bellevue Gold share price has crashed 17% to 80.2 cents. This follows the release of the gold-focused mineral exploration company’s stage 1 feasibility study. That study reveals that the Bellevue Gold Project is on track to become a top 25 Australian gold mine with a production profile of 160kozpa in the first 5 years and life of mine production of 151kozpa. It appears as though some investors were expecting an even…