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Fin Resources Seeks ASX Quotation for 87.6 Million New Shares

Story Highlights
  • Fin Resources has applied to quote 87.6 million new fully paid ordinary shares on the ASX.
  • The expanded share capital may dilute existing holders but enhance financial flexibility for future plans.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fin Resources Seeks ASX Quotation for 87.6 Million New Shares

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Fin Resources Limited ( (AU:FIN) ) has shared an announcement.

Fin Resources Limited has applied to the ASX for quotation of 87,607,691 new fully paid ordinary shares, expanding its listed securities base. The issuance, which relates to previously announced transactions, increases the company’s share capital and could have implications for existing shareholders through dilution while potentially providing additional financial flexibility to support future corporate or operational initiatives.

The most recent analyst rating on (AU:FIN) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Fin Resources Limited stock, see the AU:FIN Stock Forecast page.

More about Fin Resources Limited

Average Trading Volume: 7,666,918

Technical Sentiment Signal: Sell

Current Market Cap: A$9.85M

For an in-depth examination of FIN stock, go to TipRanks’ Overview page.

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