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Charger Metals NL ( (AU:CHR) ) has provided an announcement.
Charger Metals NL has notified the market of the issue of 750,000 new ordinary fully paid shares following the conversion or exercise of previously unquoted equity securities. The move modestly increases the company’s share capital and reflects the utilisation of existing options or convertible instruments, which may slightly dilute existing shareholders while providing additional equity funding and signalling internal confidence in the company’s prospects.
The most recent analyst rating on (AU:CHR) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Charger Metals NL stock, see the AU:CHR Stock Forecast page.
More about Charger Metals NL
Charger Metals NL is an Australian-listed company (ASX: CHR) operating in the resources sector, with its primary activities involving the exploration and development of mineral projects. The company issues ordinary fully paid shares as its main equity security on the Australian Securities Exchange.
Average Trading Volume: 644,775
Technical Sentiment Signal: Buy
Current Market Cap: A$13.35M
Learn more about CHR stock on TipRanks’ Stock Analysis page.