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Sunstone Metals Limited ( (AU:STM) ) has provided an announcement.
Sunstone Metals Limited has successfully obtained orders from the Federal Court to rectify an administrative oversight related to the non-lodgement of cleansing notices under the Corporations Act 2001. The court’s decision ensures that the issuance and subsequent sale of shares under the company’s share purchase plan are valid, and relieves any transferring party from civil liability regarding the on-sale of these shares. Following this legal resolution, Sunstone has requested the lifting of the voluntary suspension of its securities trading on the ASX.
More about Sunstone Metals Limited
Sunstone Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange under the ticker STM and is based in Melbourne, Australia.
YTD Price Performance: 30.0%
Average Trading Volume: 11,599,323
Technical Sentiment Signal: Sell
Current Market Cap: A$77.78M
For detailed information about STM stock, go to TipRanks’ Stock Analysis page.