Medaro Mining Corp Trading Halted Amid Pending News
On June 24, 2025, trading for Medaro Mining Corp (CSE: MEDA) was temporarily halted at the open, as reported by multiple financial news sources. The halt was implemented by the Canadian Investment Regulatory Organization (CIRO) due to pending news, with the suspension taking effect at 9:06 AM ET.
Medaro Mining Corp, a Canadian mining company listed on the Canadian National Stock Exchange, focuses on the exploration and extraction of metals and minerals. The company’s primary asset is the Dixie Project, located in the Red Lake mining district in Ontario, Canada. Medaro aims to develop this project responsibly, prioritizing environmental protection and community well-being.
As of June 22, 2025, Medaro’s close price was CAD 0.125, with a 52-week high of CAD 1.6 on October 29, 2024, and a 52-week low of CAD 0.09 on May 29, 2025. The company’s market capitalization stands at CAD 628,120, and it has a negative price-to-earnings ratio of -0.067226.
The trading halt by CIRO, the national self-regulatory organization overseeing investment dealers and trading activities in Canada, is a standard procedure to ensure a fair and orderly market during periods of significant news. The specific details of the pending news have not been disclosed, but the halt indicates that investors and stakeholders should anticipate important announcements from Medaro Mining Corp.
This development is closely watched by investors, given the company’s recent financial performance and strategic focus on the Dixie Project. The outcome of the pending news could have significant implications for Medaro’s future operations and market valuation.