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The latest announcement is out from Alicanto Minerals ( (AU:AQI) ).
Alicanto Minerals Limited, an ASX-listed minerals exploration company, operates within the broader resources industry, focusing on the discovery and development of mineral assets to create value for shareholders and stakeholders.
The company has issued 118,750,000 fully paid ordinary shares following the conversion of an equivalent number of vested performance rights held by its directors, employees and consultants under its Employee Securities Incentive Plan, effectively increasing its share capital and aligning staff and advisers’ interests with shareholders. Alicanto stated that these shares were issued without a prospectus under the relevant provisions of the Corporations Act and confirmed it is compliant with its financial reporting and continuous disclosure obligations, signalling regulatory adherence and transparency around the capital management move.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
More about Alicanto Minerals
Alicanto Minerals Limited is an Australian Securities Exchange-listed resources company operating in the minerals exploration and mining sector.
Average Trading Volume: 3,440,121
Technical Sentiment Signal: Buy
Current Market Cap: A$185.7M
See more insights into AQI stock on TipRanks’ Stock Analysis page.