tiprankstipranks
Company Announcements

Rimfire Pacific Mining Initiates Trading Halt Ahead of Capital Raising Announcement

Story Highlights
  • Rimfire Pacific Mining Limited has requested a trading halt for a capital raising announcement.
  • The halt aims to manage disclosure obligations, impacting market positioning and stakeholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rimfire Pacific Mining Initiates Trading Halt Ahead of Capital Raising Announcement

Rimfire Pacific Mining Limited ( (AU:RIM) ) has shared an announcement.

Rimfire Pacific Mining Limited has requested a trading halt on its securities as it prepares to make an announcement regarding a capital raising. This move is intended to help the company manage its continuous disclosure obligations, with the trading halt expected to last until the announcement is made or normal trading resumes on 12 March 2025. The decision reflects the company’s proactive approach to handling significant financial developments, which could have implications for its market positioning and stakeholder interests.

More about Rimfire Pacific Mining Limited

Rimfire Pacific Mining Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker RIM.

YTD Price Performance: -14.29%

Average Trading Volume: 1,146,209

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$71.89M

Find detailed analytics on RIM 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