Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
EQ Resources Limited ( (AU:EQR) ) has provided an update.
EQ Resources Limited has issued 4,660,927 fully paid ordinary shares following the exercise of options, comprising 1,000,000 shares at an issue price of $0.0512 and 3,660,927 shares at an issue price of $0.0675. The company confirmed that these shares were issued without a prospectus or other disclosure document under the Corporations Act, and has lodged a cleansing notice to ensure the new securities can be traded on an unrestricted basis while affirming its ongoing compliance with financial reporting and continuous disclosure obligations and the absence of any undisclosed price-sensitive information, clarifying the regulatory status of the new share issue for investors.
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 critical mineral, with key operations at Mt Carbine in North Queensland, Australia, and Barruecopardo in Salamanca Province, Spain. The company positions itself as a leading global tungsten producer by leveraging advanced minerals processing technologies and underdeveloped resources across multiple jurisdictions, with a strategy centered on sustainable mining, project expansion, and pursuit of new economy and critical minerals opportunities to drive shareholder value.
Average Trading Volume: 31,329,526
Technical Sentiment Signal: Buy
Current Market Cap: A$878.3M
For a thorough assessment of EQR stock, go to TipRanks’ Stock Analysis page.