NWR shares drop following planned revamp of capital structure
Shares in New World Resources dropped more that 19 percent to a five-month low on Thursday after the loss-making Czech miner announced a major review of its capital structure. NWR announced on Wednesday that its majority shareholder BXR was ready to invest new equity into a revamped capital structure and that it would consider all options. Shares traded at 21.20 crowns on Thursday morning, down 14.7 percent. They have already lost 75 percent in the past year as low cola prices and lack of demand pushed NWR into losses.