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Mount Ridley Mines Limited ( (AU:MRD) ) has provided an announcement.
Mount Ridley Mines Limited has requested an immediate trading halt in its securities on the ASX as it prepares to release a material maiden scandium mineral resource estimate. The halt will remain in place until either the expected announcement is made or normal trading resumes on 29 January 2026, signalling that the forthcoming resource estimate could be significant for the company’s asset base and strategic positioning in the emerging scandium market.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
More about Mount Ridley Mines Limited
Mount Ridley Mines Limited is an Australian-listed mining and exploration company focused on mineral resource development, with recent activity indicating an interest in scandium, a critical metal used in advanced alloys and clean-technology applications.
Average Trading Volume: 27,754,642
Technical Sentiment Signal: Sell
Current Market Cap: A$44.73M
For detailed information about MRD stock, go to TipRanks’ Stock Analysis page.