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AusQuest Seeks ASX Quotation for Additional Ordinary Shares

Story Highlights
  • AusQuest Limited has requested ASX quotation of 7,000 new fully paid ordinary shares.
  • The small share issue results from exercised convertibles, modestly increasing AusQuest’s quoted equity base.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AusQuest Seeks ASX Quotation for Additional Ordinary Shares

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AusQuest Limited ( (AU:AQD) ) just unveiled an announcement.

AusQuest Limited has applied to the ASX for quotation of 7,000 new fully paid ordinary shares, to be traded under its existing code AQD. The modest issuance arises from the exercise or conversion of existing options or other convertible securities, slightly increasing the company’s quoted capital base and providing a small incremental boost to equity without materially altering its market position or capital structure.

The most recent analyst rating on (AU:AQD) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on AusQuest Limited stock, see the AU:AQD Stock Forecast page.

More about AusQuest Limited

Average Trading Volume: 3,362,925

Technical Sentiment Signal: Buy

Current Market Cap: A$99.21M

For a thorough assessment of AQD stock, go to TipRanks’ Stock Analysis page.

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