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East Africa Metals ( (TSE:EAM) ) has issued an update.
East Africa Metals Inc. announced an update on the management cease trade order (MCTO) granted 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. During the MCTO period, the public can trade the company’s securities, but the CEO and CFO are restricted from trading. The company assures compliance with alternative information guidelines and confirms no insolvency proceedings or 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 mining company with principal assets including 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, the company holds 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: 142,252
Technical Sentiment Signal: Buy
Current Market Cap: C$41.69M
For a thorough assessment of EAM stock, go to TipRanks’ Stock Analysis page.