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The latest announcement is out from EQ Resources Limited ( (AU:EQR) ).
EQ Resources Limited has issued 763,000 new fully paid ordinary shares following the exercise of options at an issue price of $0.0675 per share, and has provided a cleansing notice under Section 708A of the Corporations Act to confirm the shares were issued without a prospectus. The company stated it is fully compliant with its continuous disclosure and reporting obligations and that there is no undisclosed price-sensitive information, clearing the way for these new shares to be freely tradable and reinforcing transparency for existing and new investors.
The most recent analyst rating on (AU:EQR) stock is a Hold 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 a leading global tungsten mining company listed on the Australian Securities Exchange, focused on sustainably developing and processing tungsten assets at Mt Carbine in North Queensland and Barruecopardo in Spain. Leveraging advanced mineral processing technologies and unexploited resources across multiple jurisdictions, the company aims to be a major supplier of tungsten, a critical mineral, while pursuing further exploration and corporate opportunities in the broader new economy and critical minerals sector.
Average Trading Volume: 25,796,338
Technical Sentiment Signal: Buy
Current Market Cap: A$435M
For an in-depth examination of EQR stock, go to TipRanks’ Overview page.