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06 Jul
16:43

Savannah’s shares tumble on ceo exit, permitting delay

UK-based spodumene concentrate developer Savannah Resources faced a share price collapse on Wednesday after announcing ceo changes and an additional stage in the licensing of its Barroso lithium project. Shares were trading down 31.28% at 16:18 (UK time) at 2.28 pence ($0.027), Kallanish reports. The company announced in a security filing that its ceo David Archer was stepping down after almost nine years in the position. Dale Ferguson, Savannah’s technic…
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