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Eastern Metals Seeks Quotation for 2.8 Million New Shares on ASX

Story Highlights
  • Eastern Metals applied to list 2,818,423 new fully paid ordinary shares on the ASX.
  • The share issue results from exercised convertibles, modestly increasing capital and free float.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Eastern Metals Seeks Quotation for 2.8 Million New Shares on ASX

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The latest update is out from Eastern Metals Limited ( (AU:EMS) ).

Eastern Metals Limited has applied to the ASX for quotation of an additional 2,818,423 fully paid ordinary shares, expanding its listed equity on the Australian market. The new securities, issued on 28 January 2026 following the exercise or conversion of existing options or other convertible securities, modestly increase the company’s free float and capital base, with implications for shareholder dilution but also signalling successful uptake of its equity-linked instruments.

The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.

More about Eastern Metals Limited

Average Trading Volume: 18,978,685

Technical Sentiment Signal: Buy

Current Market Cap: A$18.68M

For detailed information about EMS stock, go to TipRanks’ Stock Analysis page.

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