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Strike Resources Limited ( (AU:SRK) ) has issued an update.
Strike Resources Limited responded to a query from the Australian Securities Exchange regarding a 50% increase in its share price and significant trading volume. The company clarified that there is no undisclosed information that could explain the trading activity. However, it noted its substantial shareholding in Lithium Energy Limited, which recently announced an acquisition and provided an update on its trading suspension. Strike Resources confirmed compliance with ASX listing rules and that its board authorized the responses.
More about Strike Resources Limited
Strike Resources Limited is a company involved in the mining and resources industry, primarily focusing on investments and operations related to energy resources. The company is notably the largest shareholder in Lithium Energy Limited, holding a significant stake in the company.
Average Trading Volume: 288,864
Technical Sentiment Signal: Hold
Current Market Cap: A$12.77M
Find detailed analytics on SRK stock on TipRanks’ Stock Analysis page.