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Horizon Petroleum ( (TSE:HPL) ) has issued an announcement.
Horizon Petroleum Ltd. has provided an update on the temporary, voluntary management cease trade order imposed by the Alberta Securities Commission after the company failed to file its audited annual financial statements, management discussion and analysis, and related certifications for the year ended August 31, 2025 by the December 29, 2025 deadline. The order restricts trading in Horizon’s securities by its chief executive and chief financial officers but does not affect other shareholders, while the company and its auditor work to complete the outstanding filings, which Horizon aims to submit by February 16, 2026; in the meantime, the company reports no new material changes and says it is complying with ongoing disclosure requirements under the default status regime.
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, leveraging a management team and board with extensive international experience in the sector.
Average Trading Volume: 92,552
Technical Sentiment Signal: Sell
Current Market Cap: C$4.07M
See more data about HPL stock on TipRanks’ Stock Analysis page.