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ASX Suspends Two European Resources Security Classes from Quotation

Story Highlights
  • ASX has immediately suspended European Resources’ EREN and EREOA securities under Listing Rule 17.3.
  • The suspension is limited to EREN and EREOA, with all other European Resources securities still trading normally.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ASX Suspends Two European Resources Security Classes from Quotation

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Prospech Ltd. ( (AU:ERE) ) has provided an update.

The ASX has suspended from quotation the EREN and EREOA security classes of European Resources Limited under Listing Rule 17.3, effective immediately. The suspension applies only to these two securities and does not affect the company’s other quoted securities, limiting the impact to holders of EREN and EREOA while leaving trading in its remaining listings unaffected.

The most recent analyst rating on (AU:ERE) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Prospech Ltd. stock, see the AU:ERE Stock Forecast page.

More about Prospech Ltd.

European Resources Limited operates as a listed company on the ASX, with multiple quoted security classes traded on the exchange. The company is subject to ASX Listing Rules and compliance oversight, which govern the quotation and suspension of its securities in the Australian market.

Average Trading Volume: 3,755,726

Technical Sentiment Signal: Hold

Current Market Cap: A$11.97M

Find detailed analytics on ERE stock on TipRanks’ Stock Analysis page.

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