By Robb M. Stewart
Sherritt International's shares slumped Thursday after the Canadian company suspended its direct participation in joint-venture activities in Cuba.
In morning trading, the shares were 28% lower at C$0.18. The stock is now down 16% so far this year.
Sherritt said directors Brian Imrie, Richard Moat and Brett Richards have resigned from its board.
The U.S. administration on May 1 expanded sanctions against Cuba. Sherritt hasn't been formally designated under the U.S. executive order, but the company said such a designation could occur at any time.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
05-07-26 1059ET
