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East Africa Metals ( (TSE:EAM) ) has shared an update.
East Africa Metals Inc. has applied for a temporary management cease trade order due to delays in filing its audited financial statements. The delay stems from challenges in confirming ownership of Tanzanian subsidiaries, caused by irregularities in the Tanzanian corporate registry. The company aims to complete the filings by September 29, 2025, and assures stakeholders that no other material information is undisclosed.
The most recent analyst rating on (TSE:EAM) stock is a Buy with a C$0.30 price target. To see the full list of analyst forecasts on East Africa Metals stock, see the TSE:EAM Stock Forecast page.
More about East Africa Metals
East Africa Metals Inc. is involved in the mining industry, primarily focusing on gold and polymetallic exploration projects. The company holds significant interests in the Mato Bula and Da Tambuk mines in Ethiopia and the Magambazi Mine in Tanzania, with a notable investment in African exploration since 2005.
Average Trading Volume: 56,423
Technical Sentiment Signal: Sell
Current Market Cap: C$29.59M
For detailed information about EAM stock, go to TipRanks’ Stock Analysis page.