Global Stock News

Down 36% in 3 weeks, why is the Mineral Resources share price getting hammered again on Friday?

Down 36% in 3 weeks, why is the Mineral Resources share price getting hammered again on Friday?

A young woman holds an open book over her head with a round mouthed expression as if to say oops as she looks at her computer screen in a home office setting with a plant on the desk and shelves of books in the background.

Image source: Getty Images

If you thought the Mineral Resources Ltd (ASX: MIN) share price was due for a break today, think again.

Shares in the S&P/ASX 200 Index (ASX: XJO) lithium miner and diversified resources producer closed yesterday trading for $35.9. In early afternoon trade on Friday, shares are changing hands for $34.13 apiece, down 5.0%, with shares having traded as low as $33.23 in earlier trade.

It was only back on 7 October that the ASX 200 mining stock closed at $53.54 a share.

Meaning the Mineral Resources share price is now down a painful 36.2% over three trading weeks.

Here’s what looks to have investors favouring their sell buttons again today.

What’s pressuring the Mineral Resources share price?

ASX 200 investors…

Source link

Share this article

Scroll to Top