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Altima Resources ( (TSE:ARH) ) just unveiled an announcement.
Altima Energy Inc. is experiencing delays in completing its audited financial statements due to technical issues with new industry software integration, resulting in a continued cease trade order and suspension of its securities by the TSX Venture Exchange. Despite these challenges, the company reported a total production of 6359.19 BOE in October, primarily from oil, and is planning a winter workover program to boost production in its Red Earth and Richdale fields.
More about Altima Resources
Altima Energy Inc. is a Vancouver-based company specializing in oil and gas exploration and production, focusing on hydrocarbon assets across North America. The company is committed to efficient resource development, leveraging advanced technology and industry expertise to achieve operational excellence and sustainable growth, with a strong emphasis on long-term value creation and disciplined asset management.
Average Trading Volume: 401,941
Technical Sentiment Signal: Buy
Current Market Cap: C$36.67M
See more insights into ARH stock on TipRanks’ Stock Analysis page.