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Azarga Metals ( (TSE:AZR) ) just unveiled an update.
Azarga Metals Corp. has applied for a management cease trade order (MCTO) due to anticipated delays in filing its audited annual financial statements for the fiscal year ending September 30, 2024. The delay is attributed to unforeseen issues in securing financial resources for the audit. Despite this, the company is advancing a non-brokered private placement expected to raise C$1.1 million, which is subject to shareholder and regulatory approvals. Azarga Metals anticipates resolving the filing delay and completing the private placement by March 3, 2025.
More about Azarga Metals
Azarga Metals Corp. operates in the mining industry and is engaged in the exploration and development of metal resources. The company focuses on acquiring and developing metal properties, with a particular emphasis on growing its asset base and market presence.
YTD Price Performance: -37.50%
Average Trading Volume: 30,286
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.11M
For a thorough assessment of AZR stock, go to TipRanks’ Stock Analysis page.