08:47 AM EDT, 04/04/2025 (MT Newswires) -- Hudbay Minerals ( HBM ) traded 6.5% lower at last look Friday in NYSE pre-market trading as the company reduced its interest in American Copper Development ( ACDXF ) to 5.3% from 10.7%.

Hudbay said it sold 1 million common shares of American Copper Development ( ACDXF ) at $0.1607 apiece for aggregate consideration of $160,710.

Hudbay has filed an early warning report for the transaction.

The company's share price dropped 9.2% on Thursday to $10.01 on the TSX.