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Pennine Petroleum ( (TSE:PNN) ) has shared an announcement.
Pambili Natural Resources Company has announced that the Alberta Securities Commission has issued a failure to file cease trade order, prohibiting the trading of the company’s securities in Canada due to a delay in filing its financial statements. The company is actively seeking additional funding to cover working capital needs and aims to resolve the matter by completing the required filings within the next 45 days.
Spark’s Take on TSE:PNN Stock
According to Spark, TipRanks’ AI Analyst, TSE:PNN is a Underperform.
The overall stock score reflects significant financial distress, with negative profitability and cash flow issues being the most critical factors. The bearish technical outlook and poor valuation further contribute to a low score. The absence of earnings call data and corporate events means these areas have no impact on the assessment.
To see Spark’s full report on TSE:PNN stock, click here.
More about Pennine Petroleum
Pambili Natural Resources Company is a natural resources exploration and development company currently active in Zimbabwe.
Average Trading Volume: 33,667
Technical Sentiment Signal: Hold
Current Market Cap: C$3.04M
For a thorough assessment of PNN stock, go to TipRanks’ Stock Analysis page.