Winners and Losers: Another new low for NeuRizer
Shares in NeuRizer are at record low prices after a major backer of the firm exited.
The urea fertiliser company was trading at just a third of a cent at the close of market on Friday – down 85 per cent since 1 January.
It is one of the lowest prices for the company since it listed in 2005, but par for the course for the firm which has been bouncing around the 1 cent per share mark for most of the calendar year.
Shares dropped this week after a major backer of the company – Bergen Global Opportunity Fund – sold off its shares. The company dumped 175 million shares for $575,056 according to a notice posted to the ASX.
It has been a bumpy ride for NeuRizer this year. The company is in the midst of a greenwashing probe from the corporate watchdog and spent some time off the boards mid-year before emerging from a trading halt and telling shareholders it would not be proceeding with a “material acquisition”.
NeuRizer topped the Losers list this week, and was followed by Resolution Minerals, Magnetite Mines, Papyrus Australia and Maggie Beer Holdings.
There was little news from this week’s Winners, including from Orpheus Uranium which rose by 56.82 per cent over the five days. On one trading day last week, the mining company spiked by 54.8 per cent.
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Woomera Mining, Centrex, Prophecy International and LBT Innovations were the other Winners.
The full list of Winners and Losers for the week ending 6 September:
Data compiled by Baker Young Limited analysts.
