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Desoto Resources Ltd. ( (AU:DES) ) has issued an announcement.
Desoto Resources Limited has applied to have 2,561,125 new ordinary fully paid shares quoted on the Australian Securities Exchange (ASX) under its existing ticker DES. The application, lodged as an Appendix 2A on 30 December 2025, follows the prior notification of the underlying transaction via an Appendix 3B, and will modestly increase the company’s free float and share capital once quotation is granted, slightly diluting existing holders while potentially enhancing liquidity in the stock.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.
More about Desoto Resources Ltd.
Average Trading Volume: 766,825
Technical Sentiment Signal: Sell
Current Market Cap: A$34.28M
See more insights into DES stock on TipRanks’ Stock Analysis page.