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
The latest update is out from EQ Resources Limited ( (AU:EQR) ).
EQ Resources Limited has issued 1,090,000 new fully paid ordinary shares at $0.0675 each following the exercise of options, and has confirmed that the shares were issued without a disclosure document under the Corporations Act’s capital raising provisions. In lodging a cleansing notice, the company stated it is compliant with its financial reporting and continuous disclosure obligations and that there is no undisclosed price-sensitive information, a step that facilitates secondary trading of the new shares and underscores regulatory compliance as EQ Resources continues to advance its tungsten-focused growth strategy.
The most recent analyst rating on (AU:EQR) stock is a Sell with a A$0.11 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 used in advanced industrial applications. The company operates world-class tungsten assets at Mt Carbine in North Queensland and Barruecopardo in Spain, employing advanced minerals processing technologies and targeting expansion of sustainable mining and processing operations across multiple jurisdictions within the broader new economy and critical minerals sector.
Average Trading Volume: 25,273,226
Technical Sentiment Signal: Buy
Current Market Cap: A$513.5M
See more data about EQR stock on TipRanks’ Stock Analysis page.