Ausgold Seeks ASX Quotation for 200,000 New Ordinary Shares

Ausgold Limited ( (AU:AUC) ) has shared an update.

Ausgold Limited has applied for quotation on the ASX of 200,000 new ordinary fully paid shares, issued following the exercise or conversion of existing options or other convertible securities. The relatively small share issue modestly increases the company’s quoted capital base and reflects ongoing utilisation of equity-based instruments, with limited immediate impact on overall capital structure but incremental dilution for existing shareholders.

The most recent analyst rating on (AU:AUC) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Ausgold Limited stock, see the AU:AUC Stock Forecast page.

More about Ausgold Limited

YTD Price Performance: 3.64%

Average Trading Volume: 1,074,346

Technical Sentiment Signal: Buy

Current Market Cap: A$624.3M

See more data about AUC stock on TipRanks’ Stock Analysis page.