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The latest update is out from EQ Resources Limited ( (AU:EQR) ).
EQ Resources Limited has issued 132,879,398 fully paid ordinary shares at an issue price of $0.032 following shareholder approval. This move, compliant with the Corporations Act, aims to support the company’s growth in the tungsten mining sector, enhancing its position as a key player in the critical minerals market.
The most recent analyst rating on (AU:EQR) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on EQ Resources Limited stock, see the AU:EQR Stock Forecast page.
More about EQ Resources Limited
EQ Resources Limited is a leading global tungsten mining company focused on sustainable mining and processing practices. It is listed on the Australian Securities Exchange and aims to expand its tungsten assets at Mt Carbine in North Queensland, Australia, and Barruecopardo in Salamanca Province, Spain. The company utilizes advanced mineral processing technology to become a global leader in tungsten supply, while exploring opportunities in the critical minerals sector.
Average Trading Volume: 16,132,370
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$168.5M
For an in-depth examination of EQR stock, go to TipRanks’ Overview page.