Shares in Atlas Iron Limited
(ASX:AGO) were placed into a trading halt yesterday pending the outcome of an extensive review expected in the next two weeks.
The iron ore miner is preparing to update shareholders on its operations, financial outlook, asset sales opportunities and capital structure.
The company has initiated the review amid an uncertain outlook and the rapid fall of the iron ore price, which has declined more than 20 per cent in one month.
Shares in Atlas Iron have fallen almost 30 per cent this year and last traded at $0.12.
Atlas Iron reported a net loss of $1.08 billion in the first half of the 2015 financial year.
