Icon Energy Limited (AU:ICN) has released an update.
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Icon Energy Limited reported a cash balance of $448,747 at the end of June 2024, with no payments made to related parties as directors’ fees have been suspended since October 2023. The company’s application to renew ATP 855 remains under assessment, keeping its stock suspended, but it may stay suspended until January 2026 while meeting reporting requirements. Icon Energy remains optimistic about the role of gas beyond 2050, emphasizing its importance beyond fuel, for products like plastics, and its commitment to providing gas responsibly in the future.
For further insights into AU:ICN stock, check out TipRanks’ Stock Analysis page.