Avz Minerals Ltd shares have been suspended
Avz Minerals Ltd (ASX: AVZ) shares moved out of a trading halt and into a voluntary suspension this morning pending the release of another announcement.
According to the request, the lithium-focused mineral exploration company requested the suspension so that it could prepare a response to ASX queries. The company expects to respond before the opening of trading on Thursday.
What are the queries?
No details were given regarding what the ASX is querying, but it seems more than likely to be in relation to information provided in its ASX Price Query response after the market closed last week.
Although the company has claimed that nothing was leaked and that the now deleted Twitter posts were not market sensitive, the ASX may be seeking further clarity if it found inconsistencies.
So for now, shareholders will have to sit back and wait for the company’s response. We’ll have coverage on that when it happens.
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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.