Ex-staffer behind selling of Civmec shares?

Singapore

THE sharp drop in shares of Australian engineering services firm Civmec this week is said to be possibly due to selling by a former employee.

The counter dived 29 per cent or 14.5 cents to end at 35.5 cents on Wednesday after the bourse warned in the morning that investors trading in Civmec should be cautious. This tumble followed a 16 per cent slide in the share price from 58 cents last Friday to 50 cents on Tuesday.