Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
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.
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%.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .