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Tribe Technology Plc ( (GB:TRYB) ) has issued an update.
Tribe Technology PLC announced its continued pursuit of additional funding, including discussions with existing shareholders, to support its critical projects like the autonomous RC TTDS GC 700 drill rig and sample system. The company is also seeking shareholder approval to delist from AIM to secure favorable financing terms and has delayed its annual report publication, resulting in a temporary suspension of share trading on AIM from January 2025.
More about Tribe Technology Plc
Tribe Technology PLC, founded in 2019, operates in the mining industry with a focus on enhancing safety and efficiency through the development of fully autonomous reverse circulation drill rigs. The company’s core activities include the development, in-house manufacturing, and sale of these drill rigs, which incorporate its proprietary Tribe Technology Drilling System (TTDS).
YTD Price Performance: -80.30%
Average Trading Volume: 128,938
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of TRYB stock, go to TipRanks’ Stock Analysis page.
