What does MNR mean in TORONTO STOCK EXCHANGE
MNR stands for Mediterranean Resources Ltd. It was a publicly listed company which was de-listed in 2016. This article provides an overview of the company, its operations and its eventual demise.
MNR meaning in Toronto Stock Exchange in Business
MNR mostly used in an acronym Toronto Stock Exchange in Category Business that means Mediterranean Resources LTD. (de-listed)
Shorthand: MNR,
Full Form: Mediterranean Resources LTD. (de-listed)
For more information of "Mediterranean Resources LTD. (de-listed)", see the section below.
Essential Questions and Answers on Mediterranean Resources LTD. (de-listed) in "BUSINESS»TSX"
What is MNR?
MNR stands for Mediterranean Resources Ltd., a publicly-listed company that was de-listed in 2016.
Where was the head office located?
The head office of Mediterranean Resources Ltd. was located in Toronto, Canada.
What type of business did it operate?
Mediterranean Resources Ltd. operated as an oil and gas exploration and production company.
Was it successful?
The company had some success before eventually becoming insolvent due to the shrinking price of oil and low demand for its products.
What happened to MNR after it was de-listed?
After the company's stock became worthless, it ceased operations and entered into receivership in 2016.
Final Words:
MNR was an important resource exploration and production business that had success before falling on hard times from 2009 due to huge drops in oil prices and market conditions that were unfavorable for the industry overall. In 2016, the company's stocks were de-listed, resulting in its ultimate demise.
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