Renergen's share price fell in early trade on Friday after it said it expected its interim loss to widen as much as 20% because of various factors including the delayed startup of the helium plant thereby revenues not yet being commensurate with the costs. The company mentioned that headline losses for interim period ending Aug’23 could be ~R40k (+50% since Feb’23). After falling as much as 20% in early trade, the share price pared losses by the close, finishing 5.7% lower at R14.5. YTD, it is down about 40% (local currency).
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