Markets

East Asia Minerals Down Another 9% Today, Shares Now Off 34% Since Monday

East Asia Minerals Corp. (EAS.V) is down for a fifth day, with shares off 10 cents today to $1.07 a share following the company's announcement earlier this week it was suspending exploration work at its Miwah gold project in Indonesia.

Connected with the changing strategy and new management team in place at EAS, the company said John Wright, a 35-year mining industry veteran, was resigning his seat on the EAS board.

Since saying it was suspending work at Miwah in order to first reclassify the property for open-pit mining, EAS shares have lost more than a third of their former value.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos