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The latest update is out from EQ Resources Limited ( (AU:EQR) ).
EQ Resources Limited has issued 49,603,704 new fully paid ordinary shares following the exercise of options, with the bulk of the shares priced at $0.10 and a smaller tranche at $0.0675. The issuance, conducted without a prospectus under the Corporations Act disclosure exemptions, is supported by the company’s confirmation that it is up to date with its financial reporting and continuous disclosure obligations and that there is no undisclosed price-sensitive information, effectively cleansing the new shares for secondary trading and reinforcing regulatory compliance for investors.
The most recent analyst rating on (AU:EQR) stock is a Sell with a A$0.10 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 specialising in tungsten, a critical mineral. The company operates world-class tungsten assets at Mt Carbine in North Queensland and Barruecopardo in Spain, leveraging advanced mineral processing technology and underdeveloped resources to become a leading global supplier. Its strategy centres on sustainable mining and processing, expanding its project portfolio, and pursuing corporate and exploration opportunities in the broader new-economy and critical minerals sector.
Average Trading Volume: 25,345,256
Technical Sentiment Signal: Buy
Current Market Cap: A$490.2M
For a thorough assessment of EQR stock, go to TipRanks’ Stock Analysis page.