Metis Energy reports three consecutive FY losses
The group's average daily market cap stood at $82.5m.
Metis Energy Limited has recorded pre-tax losses for three consecutive financial years, according to a bourse filing.
The company notified investors of Rule 1311 of the Listing Manual, which states that the Singapore Exchange will place a company on the watch-list if it records pre-tax losses for three straight years and an average daily market capitalisation of less than $40m over the last six months.
The group's average daily market cap stood at $82.5m.