Green Critical Minerals Limited (ASX:GCM) Responds to ASX Query
Company’s Trading Response
Green Critical Minerals Limited (GCM) has responded to an ASX query regarding the recent increase in both the price and trading volume of its securities. Following a rise from a closing price of $0.005 on 23 December 2024 to an intra-day high of $0.0115, GCM confirmed that it is not aware of any undisclosed information that could explain this trading activity.
Positive Momentum Factors
The company attributed the recent positive momentum in share price to developments related to its VHD Technology pilot plant and an Asian Roadshow, highlighted in announcements made on 5, 9, and 12 December 2024. GCM also noted a general positive sentiment in the industrial technology sector and among its ASX-listed peers as contributing factors.
Compliance with Listing Rules
GCM confirmed its adherence to ASX Listing Rules, particularly Listing Rule 3.1, and stated that the responses made have been authorised by the company’s Board. GCM continues to monitor the situation, ensuring that all disclosure requirements are met in a timely manner.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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