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The latest update is out from Desert Metals Ltd. ( (AU:DM1) ).
Desert Metals Limited has notified the ASX that 57,692,308 securities with the code DM1O have ceased following the expiry of options or other convertible securities that were not exercised or converted. The cessation reduces the company’s pool of potential future equity arising from these instruments, simplifying its capital structure and potentially affecting dilution expectations for existing shareholders.
The most recent analyst rating on (AU:DM1) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Desert Metals Ltd. stock, see the AU:DM1 Stock Forecast page.
More about Desert Metals Ltd.
Desert Metals Limited is an Australian-listed resources company focused on mineral exploration and development, with its securities traded on the ASX under the code DM1O. The company operates within the mining and exploration industry, seeking to advance its portfolio of projects to unlock resource value for shareholders.
Average Trading Volume: 1,178,865
Technical Sentiment Signal: Sell
Current Market Cap: A$4.7M
See more insights into DM1 stock on TipRanks’ Stock Analysis page.