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The latest update is out from Horizon Petroleum ( (TSE:HPL) ).
Horizon Petroleum has obtained a management cease trade order from the Alberta Securities Commission due to an expected delay in filing its audited annual financial statements, accompanying management’s discussion and analysis, and related certifications for the year ended August 31, 2025. The order restricts trading in the company’s securities by management but leaves other shareholders free to trade, while Horizon and its auditor work toward completing the filings by February 16, 2026. The company says there have been no undisclosed material changes, no additional specified defaults, and no insolvency proceedings, and it plans to comply with alternative information guidelines by issuing bi-weekly default status updates until the filings are brought up to date, aiming to limit market uncertainty and maintain regulatory compliance during the delay.
More about Horizon Petroleum
Calgary-based Horizon Petroleum Ltd. is an oil and natural gas company focused on the appraisal and development of conventional onshore resources in Europe, drawing on a management team and board with significant international experience in the sector.
Average Trading Volume: 112,394
Technical Sentiment Signal: Sell
Current Market Cap: C$4.07M
For an in-depth examination of HPL stock, go to TipRanks’ Overview page.