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EQ Resources Limited ( (AU:EQR) ) has provided an announcement.
EQ Resources Limited has issued 2,111,112 fully paid ordinary shares following the exercise of options at an issue price of A$0.0675 per share, confirming that the new shares were issued without a prospectus under the Corporations Act’s disclosure exemptions. The company stated it remains in compliance with its continuous disclosure and financial reporting obligations and declared there is no undisclosed price-sensitive information, a move that facilitates secondary trading of the new shares and underscores its adherence to regulatory requirements as it pursues growth in the critical minerals space.
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 Australia-listed mining company focused on tungsten, a critical mineral, with core operations at the Mt Carbine project in North Queensland and the Barruecopardo project in Spain. The company positions itself as a leading global tungsten producer by leveraging advanced mineral processing technology and underdeveloped resources, aiming to expand its asset base and pursue further opportunities in the new economy and critical minerals sector worldwide.
Average Trading Volume: 24,608,920
Technical Sentiment Signal: Buy
Current Market Cap: A$490.2M
For detailed information about EQR stock, go to TipRanks’ Stock Analysis page.