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EQ Resources Limited ( (AU:EQR) ) has shared an announcement.
EQ Resources Limited has issued 766,461 fully paid ordinary shares at a price of $0.036 each without disclosure to investors, as permitted under the Corporations Act. This move aligns with the company’s compliance with relevant legal provisions and supports its strategic focus on expanding its tungsten assets, enhancing its position in the critical minerals sector.
The most recent analyst rating on (AU:EQR) stock is a Buy with a A$0.06 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 tungsten mining company focused on sustainable mining and processing practices. Listed on the Australian Securities Exchange, the company aims to expand its tungsten assets at Mt Carbine in North Queensland, Australia, and Barruecopardo in Salamanca Province, Spain. It leverages advanced minerals processing technology to become a global leader in tungsten supply, with additional interests in gold exploration in New South Wales, Australia.
Average Trading Volume: 15,358,965
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$190.4M
Learn more about EQR stock on TipRanks’ Stock Analysis page.