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Central Asia Metals(CAML) Shares Plummet After Leak

Sam Boughedda trader
Updated 14 Sep 2020

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Central Asia Metals CAML

Shares of AIM-listed Central Asia Mining (LON: CAML) have plummeted today after the company revealed that there has been a leak at its Sasa TSF4 mine.

The mine, based in Sasa, North Macedonia is underground zinc-lead and experienced a leak into the local river according to CAML’s press release.

The company said the leak started around 5 am this morning but was stopped soon after with nobody harmed.

“All relevant parties have been informed in North Macedonia and, in conjunction with the appropriate national authorities, an investigation is now underway to ascertain the volume of leaked material as well as the root cause,” CAML said.

CAML shares…

Central Asia Metals (CAML)/Source: TradingView

The news has seen CAML shares plummet as low as 145.4p per share on Monday. However, it is now trading at 154.2p, down over 14%.

Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.