Emeco's tardy downgrade

Another day, another downgrade from a mining services company.

Another day, another downgrade from a mining services company.

This time it was Emeco. And after falling 15% in the past month, based on the downgrades from its competitors, the company was punished this morning as a further 15% was wiped from its market value.

It is now worth around half 70c peak back in March.

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