Ultra Resources Inc. (TSE:ULT) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ultra Lithium Inc. has announced a temporary halt on management trading due to a delay in filing its annual financial statements and MD&A, citing insufficient funds as the reason for not completing the required audit on time. The company is working on securing loan financing to initiate the audit and expects to file the necessary documents by April 29, 2024, while complying with regulatory guidelines by issuing bi-weekly updates. This management cease trade order does not affect other shareholders but limits the company’s CEO and CFO from trading its securities.
For further insights into TSE:ULT stock, check out TipRanks’ Stock Analysis page.