Pennine Petroleum ( (TSE:PNN) ) has shared an update.
Pambili Natural Resources Company has been granted a management cease trade order (MCTO) by the Alberta Securities Commission due to its failure to file audited annual financial statements and related documents by the deadline. The MCTO restricts trading by the company’s CEO and CFO but does not affect other shareholders. The company is working to complete the filings by June 27, 2025, and continues to provide updates as required.
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 and in the province of Alberta.
Average Trading Volume: 17,007
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.64M
Find detailed analytics on PNN stock on TipRanks’ Stock Analysis page.