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Almonty Industries Announces Share Consolidation Ahead of Potential Nasdaq Listing

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Almonty Industries Announces Share Consolidation Ahead of Potential Nasdaq Listing

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The latest update is out from Almonty Industries ( (TSE:AII) ).

Almonty Industries has announced a 1-for-1.5 share consolidation as part of its strategy to facilitate a potential Nasdaq listing. This move, approved by shareholders, aims to streamline the company’s share structure and enhance its market presence. The consolidation is expected to impact trading on various exchanges, with new CUSIP and ISIN numbers assigned to the shares. The company anticipates having approximately 195.86 million shares outstanding post-consolidation, subject to rounding adjustments. The consolidation is pending final approval from the Toronto Stock Exchange.

The most recent analyst rating on (TSE:AII) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on Almonty Industries stock, see the TSE:AII Stock Forecast page.

More about Almonty Industries

Almonty Industries is a global producer of tungsten concentrate, operating in conflict-free regions. The company is engaged in mining, processing, and shipping tungsten concentrate from its Panasqueira Mine in Portugal, with its Sangdong Mine in South Korea under construction. Almonty also has a significant molybdenum resource and additional development projects in Spain.

Average Trading Volume: 566,000

Technical Sentiment Signal: Buy

Current Market Cap: C$1.29B

For detailed information about AII stock, go to TipRanks’ Stock Analysis page.

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