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Company News

BUZZ-Australian gold producer Beadell extends slide, falls most in 11 weeks

** Shares of Beadell Resources extends losses; fall as much as 9.2 pct to A$0.059, their biggest intraday pct fall since July 11

** Stock trading lower for second consecutive session, after falling 3.1 pct on Wednesday

** More than 6 mln shares change hands vs 30-day average of volume about 5.4 mln

** Cormark Securities on Wednesday downgraded stock to ‘tender’ from ‘buy’, cut target price to A$0.07 from A$0.15

** Stock has fallen about 64 pct this year as of last close, compared with a 2.1 pct increase in the benchmark index (Reuters Messaging: abyjose.koilparambil.thomsonreuters.com@reuters.net)

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