Altus tumbles following interim results

Altus Strategies shares tumbled after the firm turned in its first set of interim results since the dual listing of the company's shares on the TSX Venture Exchange on Tuesday morning.

Pre-tax losses narrowed 13% to £1.06m in the six months leading to 30 June and following its non-brokered private placement, Altus' cash on hand and marketable securities nearly doubled to £2.03m

Altus discovered substantial artisanal gold workings at its Zolowo project in western Liberia and a potential VMS system at the Daro copper-gold project in northern Ethiopia.

The AIM-listed firm also began initial reconnaissance on three new licences granted in central Morocco, as well as the Prikro gold licence in eastern Côte d'Ivoire.

As of 1200 BST, Altus shares had crashed 11.11% to 4p.