Nimy Resources Limited (ASX:NIM) Addresses ASX Price and Volume Query
Recent Trading Activity
Nimy Resources Limited (ASX: NIM) responded to an inquiry from the Australian Securities Exchange regarding significant price fluctuations in its securities. The company’s stock rose from $0.087 on 16 January 2025 to an intraday high of $0.125 by 20 January 2025, alongside a marked increase in trading volume.
Company’s Statement
The company confirmed it is not aware of any undisclosed information that could explain the recent trading. Nimy also noted that it is actively working on establishing a maiden JORC Exploration Target at its gallium discovery within the Mons Project in Western Australia. Preliminary discussions have begun with potential industry partners expressing interest in securing offtake rights to the Block 3 East gallium. Nimy plans to provide an update on this development soon, likely within two weeks.
Executive Confirmation
Nimy Resources stated that their responses to the ASX inquiries have been authorised by the company’s board, confirming adherence to continuous disclosure obligations. This engagement underlines the company’s commitment to transparency amidst fluctuating market conditions.
Motley Fool contributor Abbie Stokes 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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