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The latest announcement is out from EQ Resources Limited ( (AU:EQR) ).
EQ Resources has issued 4,617,334 new fully paid ordinary shares following the exercise of options at an issue price of A$0.0675 per share. The shares were issued without a prospectus under the Corporations Act’s secondary trading provisions, with the company confirming ongoing compliance with financial reporting and continuous disclosure obligations and stating there is no undisclosed price-sensitive information, thereby facilitating on-market trading of the new stock without additional disclosure requirements.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.20 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 an Australian Securities Exchange-listed mining company focused on tungsten, a designated critical mineral. The company operates and expands tungsten assets at Mt Carbine in North Queensland and Barruecopardo in Spain, using advanced minerals processing technologies and targeting sustainable mining to become a leading global supplier to the new economy and critical minerals sector.
Average Trading Volume: 33,877,748
Technical Sentiment Signal: Buy
Current Market Cap: A$856.9M
Find detailed analytics on EQR stock on TipRanks’ Stock Analysis page.