Almonty Industries is trading 4.4% down today at $13.56 after requesting an immediate trading halt on the Australian Securities Exchange. The halt preceded an announcement regarding the company's voluntary delisting from the ASX.
- The delisting, also affecting the TSX, is driven by low and declining trading volumes on these exchanges compared to Nasdaq, and the financial, administrative, and compliance costs of maintaining multiple listings.
- Almonty's shares will continue to trade on Nasdaq (ALM) and the Frankfurt Stock Exchange (ALI1).