DroneShield Plunges as Regulator Probes Filings, Share Trades
The DroneShield Ltd. logo displayed at the company's office in Sydney.
Photographer: Brendon Thorne/BloombergDroneShield Ltd.’s stock tumbled to the lowest in about three months after the Australian counter-drone firm said Australia’s financial regulator was reviewing disclosures and share trades from November.
The shares plunged as much as 16% to the lowest since Feb. 25 after the company said it received a notice from the Australian Securities and Investments Commission requiring it to assist in an investigation regarding market announcements issued between Nov. 1 and Nov. 20, according to an exchange filing Tuesday. ASIC will also probe trading in DroneShield shares between Nov. 6 and Nov. 12.