FP Trading Desk submits: Waratah Coal Inc. [CVE:WCI] (WRTHF.PK) got absolutely hammered in trading Friday on the announcement that its proposed Galillee Basin project in Australia has been quashed.
Shares in Waratah were down almost 70% to C60¢ at 11:15 a.m. on the Venture exchange. At close, the stock was down 45.11% to C$1.01 on the Venture exchange and down 64.3% to 76 cents on the U.S. pink sheets.
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