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Alkane Resources Ltd ( (AU:ALK) ) has provided an update.
Alkane Resources Ltd has announced the cessation of certain securities due to unmet conditions. Specifically, 10,520 performance rights for FY2024 and 2,675,620 performance rights for FY2023 have lapsed as the conditions for these securities were not satisfied, impacting the company’s issued capital structure.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
More about Alkane Resources Ltd
Alkane Resources Ltd is a company operating in the resources sector, primarily focused on mining and exploration activities. The company is known for its involvement in the extraction and development of mineral resources, catering to various market demands in the mining industry.
YTD Price Performance: 119.61%
Average Trading Volume: 3,768,534
Technical Sentiment Signal: Buy
Current Market Cap: A$1.53B
For an in-depth examination of ALK stock, go to TipRanks’ Overview page.