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Charger Metals Seeks ASX Quotation for 11.7 Million New Shares

Story Highlights
  • Charger Metals NL has lodged an application to quote 11,725,538 new fully paid ordinary shares on the ASX.
  • The expanded quoted capital base is expected to improve share liquidity and support the company’s ongoing funding needs.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Charger Metals Seeks ASX Quotation for 11.7 Million New Shares

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The latest update is out from Charger Metals NL ( (AU:CHR) ).

Charger Metals NL has applied to the ASX for quotation of 11,725,538 new fully paid ordinary shares under the code CHR. The additional securities, issued following previously announced transactions, will expand the company’s quoted capital base, potentially enhancing liquidity in its stock and supporting its capacity to fund ongoing corporate and project activities.

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

Average Trading Volume: 644,775

Technical Sentiment Signal: Buy

Current Market Cap: A$13.35M

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

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