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The latest announcement is out from Indiana Resources Limited ( (AU:IDA) ).
Indiana Resources Limited has been informed by the ASX of a deemed breach of Listing Rule 10.11 due to an off-market transfer of shares to Ms. Barnes, a related party, without shareholder approval. Although Indiana and Ms. Barnes assert the transactions were separate and not intended to bypass regulations, they have taken corrective action by disposing of the shares on-market, with proceeds to be donated to charity, ensuring compliance with ASX rules.
More about Indiana Resources Limited
Indiana Resources Limited operates in the resources sector, focusing on exploration and development of mineral assets. The company is listed on the Australian Securities Exchange under the ticker IDA.
Average Trading Volume: 100
Technical Sentiment Signal: Buy
Current Market Cap: $29.27M
For an in-depth examination of IDA stock, go to TipRanks’ Stock Analysis page.