Centaurus Metals Addresses ASX Inquiry on Trading Activity

An announcement from Centaurus Metals Limited ( (AU:CTM) ) is now available.

Centaurus Metals Limited has responded to an ASX inquiry regarding recent trading activity in its securities, stating that it is unaware of any undisclosed information that could explain the trading fluctuations. The company attributes the trading activity to external factors, such as global market volatility, a rise in nickel prices, and increased attention on the environmental benefits of its nickel sulphide projects compared to Indonesian nickel laterite producers. Centaurus confirms its compliance with ASX listing rules and that its disclosure practices are in line with its continuous disclosure policy.

More about Centaurus Metals Limited

Centaurus Metals Limited is an Australian mining company focused on the exploration and development of nickel sulphide projects, particularly the Jaguar Project in Brazil. The company operates in the mining industry with a market focus on nickel, which is essential for various industrial applications and the growing electric vehicle market.

YTD Price Performance: -12.50%

Average Trading Volume: 409,824

Technical Sentiment Signal: Buy

Current Market Cap: A$156.5M

For an in-depth examination of CTM stock, go to TipRanks’ Stock Analysis page.