tiprankstipranks
Trending News
More News >

TomCo Energy Faces Trading Suspension Amid Funding Efforts

TomCo Energy Faces Trading Suspension Amid Funding Efforts

TomCo Energy (GB:TOM) has released an update.

Confident Investing Starts Here:

TomCo Energy PLC has announced a delay in the publication of its 2024 Interim Results due to ongoing efforts to secure additional funding, which has resulted in the suspension of trading of its shares on AIM from 1 July 2024. The company is working on raising either equity or debt capital to maintain operations and is conserving cash by deferring Directors’ salaries and cutting non-essential expenses. TomCo remains optimistic about acquiring the necessary funds and intends to publish the interim results and resume trading as soon as possible.

For further insights into GB:TOM stock, check out TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App