Atrum Coal Ltd (AU:ATU) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Atrum Coal Ltd is advancing its legal claim against the Government of Alberta over alleged expropriation of coal leases, with a trial set for April 2025. Meanwhile, the company has struck a deal to sell its Canadian subsidiaries to Panorama Resources, potentially receiving up to AU$1.55 million contingent on certain conditions. Atrum remains debt-free with a cash reserve of A$1.431 million as of September 2024.
For further insights into AU:ATU stock, check out TipRanks’ Stock Analysis page.