Shares in Africa-focused iron ore and manganese development company Ferrex hit the skids after the company declared a loss of £0.88m for the period from its formation in August 2010 to the end of September 2011.
As at 30 September the group had cash in bank of £1,550,880, after raising £2m from its flotation on AIM back in July.
The share price fell to 2.1p, down 0.28p on the day.
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