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Triton Minerals Limited ( (AU:TON) ) has provided an update.
Triton Minerals Limited announced that its 144,000,000 listed options, which are exercisable at A$0.04 and set to expire on 31 December 2025, are significantly out-of-the-money. As a result, the company has been granted a waiver from ASX Listing Rule 6.24, meaning option expiry notices will not be sent unless the market price of the company’s shares approaches the exercise price before the expiry date. This decision reflects the current market conditions where the company’s share price is considerably lower than the option exercise price, impacting the likelihood of option exercise.
More about Triton Minerals Limited
Triton Minerals Limited is a company listed on the Australian Securities Exchange (ASX) under the code TON. The company is involved in the mining industry, focusing on the exploration and development of mineral resources.
YTD Price Performance: -9.09%
Average Trading Volume: 1,517,928
Technical Sentiment Signal: Sell
Current Market Cap: A$14.12M
See more data about TON stock on TipRanks’ Stock Analysis page.