tiprankstipranks
Company Announcements

Centrex Limited Faces Operational Halt Amid Funding Challenges

Story Highlights
Centrex Limited Faces Operational Halt Amid Funding Challenges

An announcement from Centrex Limited ( (AU:CXM) ) is now available.

Centrex Limited, currently under administration, has been unable to secure necessary funding to continue regular operations. Consequently, the company has placed its Ardmore Phosphate Project into care and maintenance, leading to job redundancies, while seeking urgent sale or recapitalization options.

More about Centrex Limited

YTD Price Performance: 40.0%

Average Trading Volume: 1,130,899

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$14.75M

See more data about CXM stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App