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Truscott Mining Corporation Ltd ( (AU:TRM) ) has shared an update.
Truscott Mining Corporation Ltd has been advised by the ASX that its current level of operations does not meet the requirements for continued listing under ASX Listing Rule 12.1. The company has been given a six-month period to demonstrate compliance with this rule, failing which its securities may be suspended from official quotation. This development places pressure on Truscott to enhance its operational activities to maintain its market position and reassure stakeholders.
More about Truscott Mining Corporation Ltd
Truscott Mining Corporation Ltd operates in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in activities related to the discovery and extraction of valuable minerals, contributing to the supply chain of raw materials.
Average Trading Volume: 47,039
Technical Sentiment Signal: Sell
Current Market Cap: A$9.59M
Find detailed analytics on TRM stock on TipRanks’ Stock Analysis page.