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Alvo Minerals Limited ( (AU:ALV) ) has shared an update.
Alvo Minerals Limited has applied to the ASX for quotation of 120,000 new fully paid ordinary shares under its code ALV, following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities marginally expands the company’s capital base and may provide additional liquidity for shareholders, though the announcement does not indicate any change to its underlying operations or strategic direction.
The most recent analyst rating on (AU:ALV) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Alvo Minerals Limited stock, see the AU:ALV Stock Forecast page.
More about Alvo Minerals Limited
Average Trading Volume: 3,995,828
Technical Sentiment Signal: Buy
Current Market Cap: A$14.38M
Learn more about ALV stock on TipRanks’ Stock Analysis page.