MENU

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.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We're living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That's why at The Motley Fool we've been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We've found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.