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Sunstone Metals Seeks Voluntary Suspension Amid Court Application

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The latest announcement is out from Sunstone Metals Limited ( (AU:STM) ).

Sunstone Metals Limited has requested a voluntary suspension of its securities from quotation on the ASX, pending the outcome of a Federal Court application. This application seeks orders related to the company’s inadvertent failure to lodge a cleansing notice under the Corporations Act 2001. The suspension will remain until the court’s decision is announced, and the company aims to expedite the hearing process.

More about Sunstone Metals Limited

Sunstone Metals Limited is a company operating in the mining industry, primarily focused on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker STM.

YTD Price Performance: 30.0%

Average Trading Volume: 11,599,323

Technical Sentiment Signal: Sell

Current Market Cap: A$77.78M

See more insights into STM stock on TipRanks’ Stock Analysis page.

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