Pedro Resources Ltd Trading Halted by CIRO

On May 8, 2025, trading for Pedro Resources Ltd was temporarily halted by the Canadian Investment Regulatory Organization (CIRO). The halt, which took effect at 8:00 AM ET, was implemented for all issues of the company, which is listed on the Canadian National Stock Exchange under the symbol VBN. The decision to impose a trading halt was made to ensure a fair and orderly market, as CIRO has the authority to temporarily suspend trading in securities of publicly-listed companies.

Pedro Resources Ltd, a Canadian information technology company specializing in software, was previously known as BasicGov Systems, Inc. Founded in 1988, the company is headquartered in West Vancouver. Despite its long-standing presence in the industry, the company’s financial performance has been challenging, as indicated by its negative price-to-earnings ratio of -1.32 and a market capitalization of 796,220 CAD. The company’s stock price closed at 0.02 CAD on May 4, 2025, matching its 52-week low.

The trading halt was reported by multiple sources, including StockWatch and Finanzen.net, highlighting the significance of the event in the financial community. The halt is a standard regulatory measure that can be triggered by various factors, including significant news or events that could impact the stock’s price. While the specific reason for the halt was not detailed beyond the “Cease Trade Order,” such actions are typically taken to prevent market manipulation or to allow for the dissemination of important information to the public.

Pedro Resources Ltd’s website, www.pedroresources.ca , provides further information about the company’s operations and offerings. As the trading halt is temporary, investors and stakeholders are advised to monitor CIRO announcements for updates on when trading will resume.