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An announcement from EQ Resources Limited ( (AU:EQR) ) is now available.
EQ Resources Limited has issued 1,590,042 new fully paid ordinary shares, comprising 105,667 shares from the cash exercise of options at $0.0675 and 1,484,375 shares from the cashless exercise of options under its Employee Incentive Plan. The company has confirmed, via a cleansing notice under the Corporations Act, that these shares were issued without a prospectus, that it is fully compliant with its continuous disclosure and financial reporting obligations, and that there is no undisclosed price-sensitive information, thereby enabling on-market trading of the new securities and signalling governance adherence for investors.
The most recent analyst rating on (AU:EQR) stock is a Buy with a A$0.50 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 industrial and technology applications. The group operates and expands world-class tungsten assets at Mt Carbine in North Queensland and Barruecopardo in Spain, leveraging advanced processing technologies and targeting growth in the global critical minerals and new economy sectors.
Average Trading Volume: 47,059,037
Technical Sentiment Signal: Buy
Current Market Cap: A$1.59B
For an in-depth examination of EQR stock, go to TipRanks’ Overview page.