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Andromeda Metals Limited ( (AU:ADN) ) has issued an announcement.
Andromeda Metals Limited has experienced a significant increase in its share price, attributed to the release of a report by East Coast Research. The company is nearing the finalization of a scoping study for its High Purity Alumina strategy and is in advanced discussions for funding the Great White Project. While these developments have been publicized, the company does not believe they are the cause of the recent trading activity. Andromeda is complying with ASX Listing Rules and will announce further details once negotiations and studies are concluded.
More about Andromeda Metals Limited
Andromeda Metals Limited is a company operating in the mining industry, focusing on the development and production of high purity alumina (HPA) and other mineral resources. The company is actively involved in projects such as the Great White Project and is exploring market opportunities for its HPA strategy.
Average Trading Volume: 5,455,813
Technical Sentiment Signal: Sell
Current Market Cap: A$45.77M
Learn more about ADN stock on TipRanks’ Stock Analysis page.