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The latest update is out from Aurum Resources Limited ( (AU:AUE) ).
Aurum Resources Limited has issued 861,111 fully paid ordinary shares following the conversion of quoted and unquoted options, expanding its share capital base. The company has lodged a cleansing notice under section 708A(5)(e) of the Corporations Act 2001, confirming that these shares were issued without a prospectus but may now be freely traded under the legislative exemption, signalling regulatory compliance and facilitating secondary market liquidity for new securities holders.
The most recent analyst rating on (AU:AUE) stock is a Hold with a A$0.75 price target. To see the full list of analyst forecasts on Aurum Resources Limited stock, see the AU:AUE Stock Forecast page.
More about Aurum Resources Limited
Aurum Resources Limited is an Australian-listed company in the resources sector, focused on exploration and development of mineral assets, with its securities traded as fully paid ordinary shares on the Australian market.
Average Trading Volume: 1,493,267
Technical Sentiment Signal: Buy
Current Market Cap: A$245.7M
For a thorough assessment of AUE stock, go to TipRanks’ Stock Analysis page.