SINGAPORE (Yosefardi) – Shares of Blumont Group plummeted 13% on the stock exchange of Singapore (SGX) Monday (October 14).
More than 10 million shares exchanged hands as the stock dropped to as low as S$0.1470. The stock has recovered from its low at S$0.09 to S$0.17 last Friday.
Blumont, which has indirect interest in Indonesian coal industry, collapsed 94% from as high as S$2.54 early this month. At the current price, Blumont Group has market capitalization of S$254.8 million.
Asiasons Capital, which also collapsed more than 90% in the past two weeks, also lost another 2% Monday morning. Lion Gold Corp, however, gained 8.44% to make a market cap of S$152 million.