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EQ Resources Limited ( (AU:EQR) ) has issued an announcement.
EQ Resources Limited has issued 15,532,431 fully paid ordinary shares following the exercise of options, with tranches priced at 5.2 cents and 6.75 cents per share, and has confirmed that the issuance was conducted without a prospectus under relevant provisions of the Corporations Act. The company stated it is fully compliant with its continuous disclosure and reporting obligations and that there is no undisclosed price-sensitive information related to this share issue, signalling regulatory transparency and providing assurance to investors regarding the integrity of the capital raising process.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.17 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 a range of industrial and technological applications. The company operates world-class tungsten assets at Mt Carbine in North Queensland, Australia, and Barruecopardo in Spain, employing advanced minerals processing technologies and targeting sustainable mining practices to position itself as a leading global supplier to the new economy and critical minerals sector.
Average Trading Volume: 28,993,471
Technical Sentiment Signal: Buy
Current Market Cap: A$732.5M
See more data about EQR stock on TipRanks’ Stock Analysis page.