Investors dump Talvivarra after CEO resigns
Talvivarra Mining (LON:TALV) got massacred on the markets today on news that its CEO, Pekka Perä, has resigned.
The London-listed Finnish base metal miner shed 55.83 pence to close at 198.66p — a 21.67% drop.
It is clear that investors saw the departure of Perä — the driving force behind the company and its largest shareholder, owning 23% of the stock — as a major negative, says an analyst quoted in The Daily Telegraph: