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Tearlach Resources Updates on Management Cease Trade Order Amid Filing Delays

Story Highlights
  • Tearlach Resources faces delays in filing its annual financial statements due to insufficient funds.
  • The company expects to complete its filings by March 28, 2025, with additional resources allocated.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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Tearlach Resources ( (TSE:TEA) ) has issued an announcement.

Tearlach Resources Limited has provided an update on its management cease trade order (MCTO) after experiencing delays in filing its annual financial statements for the year ended September 30, 2024. The British Columbia Securities Commission approved the MCTO, which restricts trading by certain insiders until the company completes its filings, anticipated by March 28, 2025. The delays were attributed to insufficient funds, but additional resources have been allocated to ensure timely completion. Tearlach will continue to provide bi-weekly updates until the filings are submitted.

More about Tearlach Resources

Tearlach Resources Limited operates in the resource industry, focusing on the exploration and development of mineral properties. The company is listed on the TSX Venture Exchange under the symbol TEA.

Average Trading Volume: 35,029

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $921.6K

Learn more about TEA stock on TipRanks’ Stock Analysis page.

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