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Aurum Resources Limited ( (AU:AUE) ) has shared an announcement.
Aurum Resources Limited has applied to the Australian Securities Exchange for the quotation of 861,111 new ordinary fully paid shares under its ASX code AUE. The issuance of these additional securities, arising from the exercise or conversion of existing options or other convertible instruments, modestly expands the company’s share capital and may provide incremental funding flexibility, while slightly diluting existing shareholders’ stakes.
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
Average Trading Volume: 1,493,267
Technical Sentiment Signal: Buy
Current Market Cap: A$245.7M
For an in-depth examination of AUE stock, go to TipRanks’ Overview page.