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An announcement from EQ Resources Limited ( (AU:EQR) ) is now available.
EQ Resources Limited has issued 1,125,000 fully paid ordinary shares at $0.0675 each following the exercise of options, and has confirmed that these shares were issued without a prospectus in reliance on provisions of the Corporations Act. The company attested to its compliance with continuous disclosure and financial reporting obligations and stated that there is no undisclosed price-sensitive information, a step that supports secondary trading of the new shares and underscores regulatory compliance as it continues to develop its global tungsten operations.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.09 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 global tungsten mining company listed on the Australian Securities Exchange, focused on sustainably developing and operating world-class tungsten assets at Mt Carbine in North Queensland, Australia, and Barruecopardo in Spain. Leveraging advanced mineral processing technologies and underexploited resources across multiple jurisdictions, the company aims to position itself as a leading supplier of the critical mineral tungsten while pursuing further opportunities in the broader new-economy and critical minerals sector to drive shareholder value.
Average Trading Volume: 26,038,931
Technical Sentiment Signal: Buy
Current Market Cap: A$435M
See more insights into EQR stock on TipRanks’ Stock Analysis page.