CopperCo in trading halt

Perth-based CopperCo has been placed in a trading halt while the copper and mineral exploration company progresses potential financing transactions.

Securities in the company will remain in pre-open pending the release of an announcement from the company.

This follows from the company announcing their first full year profits in September, with revenue topping $81m and a net profit after tax of more than $5m

The company garnered these results thanks to extensive copper production from its flagship Lady Annie mine in Queensland.

Shares in the company closed yesterday at 5 cents per share, unchanged from the previous day.