East Africa Metals Updates on Management Cease Trade Order

The latest announcement is out from East Africa Metals ( (TSE:EAM) ).

East Africa Metals Inc. announced an update regarding a management cease trade order (MCTO) issued due to a delay in filing its audited financial statements for the year ended March 31, 2025. The company expects to complete the required filings by September 29, 2025. During the MCTO period, the public can still trade the company’s securities, but its CEO and CFO are restricted from trading shares. The company is not facing insolvency proceedings and will provide bi-weekly updates during the MCTO period.

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, focusing on exploration and development. The company holds a 30% Net Profits Interest in the Mato Bula and Da Tambuk mines in Ethiopia and a 70% project interest in the Harvest polymetallic VMS Exploration Project in the Tigray Region of Ethiopia. Additionally, it has a 30% Net Streaming Interest in the Magambazi Mine in Tanzania. Since 2005, EAM has invested US$66.8 million in African exploration, identifying 2.8 million ounces of gold and gold-equivalent resources.

Average Trading Volume: 61,324

Technical Sentiment Signal: Sell

Current Market Cap: C$30.39M

For detailed information about EAM stock, go to TipRanks’ Stock Analysis page.