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Sonoran Desert Faces Trading Restrictions

Prime Meridian Resources (TSE:SDCU) has released an update.

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Sonoran Desert Copper Corporation has been issued a Management Cease Trade Order (MCTO) due to failure to file its 2023 Audited Annual Financial Statements and related documents by the April 29, 2024 deadline. The company is working with auditors to correct the default and expects to complete the filings by June 28, 2024, while committing to bi-weekly updates on its status. The MCTO restricts trading by the company’s executives and directors but does not affect other shareholders.

For further insights into TSE:SDCU stock, check out TipRanks’ Stock Analysis page.

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