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Meteoric Resources queried by ASX after 44% share price jump

The company received an ASX Aware Letter Query asking it to confirm it was releasing information to the market in a timely fashion, which it confirmed it is.

asx electronic board
It is not uncommon for the ASX to ask these questions after such price action

Meteoric Resources Ltd (ASX:MEI) has received a number of questions from the ASX prompted by the recent price rise from 0.9 to 1.3 cents.

The query from the ASX referenced the share price movement and a number of recent March 2019 announcements.

These were the maiden drill results from at the Joyce Copper-Cobalt-Gold Project in West Ontario, Canada on March 15.

READ: Meteoric Resources reveals maiden drilling results from Joyce Copper-Cobalt-Gold Project

Also the most recent news regarding the company entering into a binding terms sheet with Crusader Resources (ASX:CAS) to acquire the Juruena and Novo Astro gold projects in the state of Mato Grosso in Brazil.

READ: Meteoric Resources to acquire high-grade gold projects in Brazil

Meteoric responded to the ASX confirming it is in compliance with the ASX listing rules.

Quick facts: Meteoric Resources NL

Price: 0.064 AUD

Market: ASX
Market Cap: $63.15 m

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Meteoric Resources hits more bonanza-grade gold at Juruena project in Brazil

Meteoric Resources NL (ASX:MEI) managing director Andrew Tunks updates Proactive on more "thrilling" bonanza-grade drill results from the Juruena Gold Project in Brazil, following similar earlier results from the maiden drill program. Latest assays have returned up to 14 metres at 81.7 g/t...

1 week ago

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