Business
Why is the Silex (ASX:SLX) share price sliding 8% today on positive news?
The Silex Systems Ltd (ASX: SLX) share price is sliding lower today on news the United States government has approved the restructure of GE-Hitachi Global Laser Enrichment (GLE).
At the time of writing, the nuclear energy technology developer’s shares are down 8.75% to $1.46.
The Silex share price has fallen today, despite the positive announcement. Could the share sell-down be due to investors already factoring in the outcome, which was first revealed on 8 January?
What’s driving the Silex share price today?
In today’s release, Silex advised it has formally received notice from the US Treasury Department Committee on Foreign Investment in the United States (CFIUS) to approve the transaction to restructure GLE.
The notice…
-
General22 hours agoTrump says peace deal between Russia and Ukraine ‘very close’ as he attacks Zelenskyy
-
Noosa News19 hours agoFrom pigeons and Morse code to satellites and cyberspace: 100 years of the Royal Australian Corps of Signals
-
General11 hours agoSleep study patients’ personal data accessed in ransomware attack, SA Health says
-
Noosa News18 hours ago“I Do My Best Work in the Dark”: Jenna Ortega Gets Creepy and Kooky Again in the First ‘Wednesday’ Season Two Trailer