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Why the Iluka (ASX:ILU) share price nearly halved today – Motley Fool Australia
The Iluka Resources Limited (ASX: ILU) share price crashed by nearly half on Friday, but don’t panic as the fall is really a gain
The Iluka Resources Limited(ASX: ILU) share price crashed by nearly half on Friday, but investors shouldn’t panic.
The ILU share price fell over 47% to its lowest point in five years of $5.23 during lunch time trade. This makes the mineral sands miner the worst performer on the S&P/ASX 200 Index (Index:^AXJO) by a country mile!
The loss is far worse than the 4% to 5% drop in the Southern Cross Media Group Ltd(ASX: SXL) share price and Regis Resources Limited(ASX: RRL), which are the second and third…
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