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East Africa Metals ( (TSE:EAM) ) has shared an announcement.
East Africa Metals Inc. announced an update on a management cease trade order (MCTO) issued by the British Columbia Securities Commission 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, and during the MCTO period, the public can continue trading its securities, though its CEO and CFO are restricted from trading shares. The company is not facing insolvency and will provide bi-weekly updates while confirming no undisclosed material information.
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 a company engaged in the exploration and development of mineral properties in Africa. Its principal assets include a 30% Net Profits Interest in the Mato Bula and Da Tambuk mines in Ethiopia, a 70% project interest in the Harvest polymetallic VMS Exploration Project in Ethiopia, and a 30% Net Streaming Interest in the Magambazi Mine in Tanzania. Since 2005, the company has invested US$66.8 million in African exploration, identifying 2.8 million ounces of gold and gold-equivalent resources.
Average Trading Volume: 154,728
Technical Sentiment Signal: Buy
Current Market Cap: C$39M
See more insights into EAM stock on TipRanks’ Stock Analysis page.