Metis Energy reports three consecutive FY losses

The group's average daily market cap stood at $82.5m.

Metis Energy Limited has recorded pre-tax losses for three consecutive financial years, according to a bourse filing.

The company notified investors of Rule 1311 of the Listing Manual, which states that the Singapore Exchange will place a company on the watch-list if it records pre-tax losses for three straight years and an average daily market capitalisation of less than $40m over the last six months.

The group's average daily market cap stood at $82.5m.

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