tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Aurum Resources Limited Issues Cleansing Notice for Share Conversion

Story Highlights
Aurum Resources Limited Issues Cleansing Notice for Share Conversion

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Aurum Resources Limited ( (AU:AUE) ) has shared an announcement.

Aurum Resources Limited has issued a cleansing notice under the Corporations Act 2001, following the conversion of unquoted options into 388,679 fully paid ordinary shares. This move allows the shares to be sold under the exemption provided by section 708A(5) of the Act, indicating compliance with relevant legal provisions and potentially enhancing liquidity for stakeholders.

The most recent analyst rating on (AU:AUE) stock is a Buy with a A$0.93 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 operates within the resources industry, focusing on the exploration and development of mineral resources. The company is involved in the production and management of mining assets, aiming to enhance its market presence and shareholder value.

Average Trading Volume: 392,245

Technical Sentiment Signal: Buy

Current Market Cap: A$212.2M

See more insights into AUE stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1