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Hot stock: Blumont sees 17m shares changing hands in early trade

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Mining company Blumont Group's counter traded actively on Thursday morning with more than 17 million shares changing hands as at 10.26am.

MINING company Blumont Group's counter traded actively on Thursday morning with more than 17 million shares changing hands as at 10.26am.

Its shares slid S$0.001 to S$0.011.

The flurry of activity comes as the company expects to report a first-quarter net loss due to fair value readjustments of investments in financial assets.

The adjustments were necessary because of recent volatility in financial markets and the global economy, the company said on Wednesday.

The company expects to report its results by May 15.