Fenix Resources Limited ( (AU:FEX) ) has provided an update.
Fenix Resources Ltd has announced a proposed issue of securities, which includes the issuance of 11,039,420 replacement Fenix Options and 2,996,207 replacement Fenix Performance Rights. This move is part of a placement or other type of issue, with the proposed issue date set for April 15, 2025. This announcement may impact the company’s operations by potentially increasing its capital base, which could be used for further expansion or operational improvements, thereby influencing its market positioning and stakeholder interests.
More about Fenix Resources Limited
Fenix Resources Ltd is a company involved in the mining industry, primarily focusing on the extraction and production of iron ore. The company is listed on the Australian Securities Exchange (ASX) under the code FEX.
YTD Price Performance: -3.33%
Average Trading Volume: 3,844
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €116M
For a thorough assessment of FEX stock, go to TipRanks’ Stock Analysis page.