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Australian Strategic Materials Ltd ( (AU:ASM) ) has provided an update.
Australian Strategic Materials Ltd has issued 1,823,978 fully paid ordinary shares to its Chair, Mr. Ian Gandel, and Non-Executive Director, Mr. Dominic Heaton, following approval from an extraordinary general meeting. This issuance, conducted without investor disclosure under Part 6D.2 of the Corporations Act, reflects the company’s compliance with relevant legal provisions and aims to strengthen its capital structure.
The most recent analyst rating on (AU:ASM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Australian Strategic Materials Ltd stock, see the AU:ASM Stock Forecast page.
More about Australian Strategic Materials Ltd
Australian Strategic Materials Ltd is a company operating in the strategic materials industry, focusing on the production and supply of critical materials essential for various high-tech and industrial applications.
Average Trading Volume: 630,558
Technical Sentiment Signal: Sell
Current Market Cap: A$127.6M
Find detailed analytics on ASM stock on TipRanks’ Stock Analysis page.