Katoro Gold PLC (AIM:KAT) saw more than 40% slashed from its market value on Thursday following the gold and mineral exploration and development company’s latest corporate update.
Investors responded to news that Katoro will need to raise funds “in order to continue progressing its interests and for other general working capital purposes”.
The company also revealed that nominated advisor RFC Ambrian will resign as nominated advisor in mid January.
KAT shares are currently changing hands at 10p with a market capitalisation of £471,000.