MNB.AX Minbos Resources (ASX) down 38% intraday to A$0.01: watch liquidity

MNB.AX stock opened sharply lower in intraday trade after Minbos Resources Limited (MNB.AX) slid about -38.46% to A$0.012 on exceptionally high volume of 34,023,641 shares. The move makes MNB.AX one of today’s top losers on the ASX and highlights immediate liquidity stress versus its 50-day average price of A$0.02379. Investors should note the stock’s market cap of A$11,102,505.00, EPS of -0.01, and a negative PE of -1.20, which together frame a high-risk valuation backdrop for the Cabinda phosphate and Capanda green ammonia projects in Angola.