11:56 AM EDT, 04/04/2025 (MT Newswires) -- (Updates shares.)

Hudbay Minerals ( HBM ) on Friday said it reduced its interest in American Copper Development ( ACDXF ) to 5.3% from 10.7%.

Hudbay said it sold one-million 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 shares were last seen down $1.11 to $8.90 on the Toronto Stock Exchange.

Price: 8.85, Change: -1.16, Percent Change: -11.59