Formation Metals is trading 5.24% down at €0.20, with no newer company-specific negative catalyst identified. - The September 22, 2026 release reported encouraging N2 drilling, including 0.98 g/t gold over 95.6 metres and an A-Zone extension up to 50 metres north. - The release does not directly explain the September 23 decline; sector gains also do not align with the stock’s move.