Protean Energy Navigates Suspension, Seeks New Ventures

Protean Energy Limited (AU:POW) has released an update.

Protean Energy Limited has provided a quarterly report for Q1 2024, stating a suspension under Listing Rule 17.3 and ongoing compliance efforts with Listing Rule 12.1. The company is actively exploring non-mining business opportunities while minimizing operational expenses, which totaled $119,000 for the quarter. Noteworthy expenses included director and administrative fees, with a focus on maintaining tight cost control.

For further insights into AU:POW stock, check out TipRanks’ Stock Analysis page.