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Realloys Shares Fall 11% as Quarterly Loss Widens

Realloys shares fell 11% to $5.61 late Friday morning after the rare earth metal supplier reported a wider third-quarter loss. The stock is down 31% so far this year.

Realloys Shares Fall 11% as Quarterly Loss Widens

The company posted a loss of $30.5 million, or 44 cents a share, compared with a loss of $25.6 million, or 58 cents a share, in the year-earlier quarter. The loss was mostly driven by $25.3 million in non-cash stock-based compensation associated with equity awards.

Revenue rose to about $413,000 from about $186,000 a year earlier.

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