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Groote Resources Down After Board Exodus

Investing News Network
Feb. 15, 2011 07:54PM PST
Battery Metals Investing

Groote Resources Ltd. (ASX:GOT) shares lost value after a large number of board members quit their positions on the company’s board.

Groote Resources Ltd. (ASX:GOT) shares lost value after a large number of board members quit their positions on the company’s board.

The article is quoted as saying:

The company gave no explanation for the sudden departure of the majority of the board in its announcement to the Australian Securities Exchange today. Groote has had a poor run on the market in recent months, after hitting a 12 month high of $1.20 almost a year ago.

To read the full article, click here.

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