Why Aurelia Metals, Australian Ethical, Lifestyle Communities, and Regis Resources shares are falling

These shares are falling heavily with the market. But why?

| More on:
a business man in a suit holds his hand over his eyes as he bows his head in a defeated post suggesting regret and remorse.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week deep in the red. At the time of writing, the benchmark index is down 1.1% to 7,948.9 points.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Aurelia Metals Ltd (ASX: AMI)

The Aurelia Metals share price is down 4.5% to 20.5 cents. This follows the release of an update on the gold miner's Federation Project. Management advised that the underground mine development at Federation recommenced in early July and has now returned to 24-hour development activity in the first stope production area in the upper levels of the mine. The project has been impacted significantly by heavy rainfall this year. In an effort to limit further disruption, Aurelia Metals revealed that construction of a 230 megalitre water management dam is underway and expected to be completed early in the second quarter of FY 2025.

Australian Ethical Investment Ltd (ASX: AEF)

The Australian Ethical share price is down 2% to $4.14. This follows the release of the fund manager's latest funds under management (FUM) update this morning. Australian Ethical revealed that it achieved positive net flows of $211 million during the June quarter. However, its investment performance was disappointing and negatively impacted its FUM by $106 million. At the end of the period, the company's FUM reached $10.44 billion.

Lifestyle Communities Ltd (ASX: LIC)

The Lifestyle Communities share price is down 13% to $9.58. Investors have been selling the retirement communities company's shares after it released a trading update and withdrew its forward-looking guidance. In respect to the latter, management has removed its guidance in response to recent undesirable media coverage. It said: "Lifestyle Communities announces that all forward-looking guidance it has previously provided is withdrawn due to the difficulty in quantifying the impact the uncertainty caused by recent media coverage might have on future sales and settlements."

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price is down 3% to $1.90. Investors have been selling Regis Resources and other ASX gold shares today in response to a pullback in the gold price overnight. This has seen the S&P/ASX All Ordinaries Gold index drop 2.2% this afternoon. Though, it is worth noting that this gold index remains up almost 24% over the last six months. The same cannot be said for Regis Resources' shares, which continue to trail the index by some distance. They are now down 8% over the past six months.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Australian Ethical Investment. The Motley Fool Australia has recommended Australian Ethical Investment. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Fallers

Three guys in shirts and ties give the thumbs down.
Share Fallers

Why Beach Energy, McMillan Shakespeare, News Corp, and Pilbara Minerals shares are falling today

These shares are ending the week in the red. But why?

Read more »

A young boy with a sombre face looks down at the zip fastener at the bottom of his jacket as he concentrates on unfastening the clasp.
BNPL shares

Should you buy the 34% dip on Zip shares?

After crashing 34% in a month, what’s next for Zip shares?

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Beach Energy, Myer, Pexa, and Pinnacle shares are falling today

These shares are under pressure on Thursday. What's going?

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Block, Canyon, Fisher & Paykel Healthcare, and Mesoblast shares are falling today

These shares are having a tough time on hump day. What's going on?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Fisher & Paykel Healthcare, Magellan, Resolute Mining, and Westgold shares are sinking today

These shares are starting the week deep in the red. But why?

Read more »

plummeting gold share price
Gold

Guess which ASX 200 gold stock just plunged 12% on FY 2025 production woes

The ASX 200 gold stock is taking a sharp fall on Monday. Let’s find out why.

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

These were the worst performing ASX 200 shares in January 2025

These shares had a month to forget. Why were investors selling them? Let's find out.

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Magellan, Medadvisor, Origin Energy, and Pointsbet shares are tumbling today

These shares are ending the week in the red. But why?

Read more »