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The latest update is out from Altima Resources ( (TSE:ARH) ).
Altima Energy Inc. has completed the acquisition and integration of the Red Earth Property in Northern Alberta, enhancing its existing Red Earth Assets for CAD $1,050,000. This acquisition, along with successful workover programs, has led to increased production of 5,126 barrels of oil in August. However, the company faces challenges with delayed audited financial statements due to technical issues, resulting in a continued cease trade order by the TSX Venture Exchange.
More about Altima Resources
Altima Energy Inc. is a Vancouver-based oil and gas exploration and production company focused on hydrocarbon assets across North America. The company emphasizes efficient resource development, operational excellence, and sustainable growth, aiming to enhance shareholder returns through a disciplined approach to asset management.
Average Trading Volume: 685,396
Technical Sentiment Signal: Buy
Current Market Cap: C$36.67M
See more data about ARH stock on TipRanks’ Stock Analysis page.