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The latest update is out from Finder Energy Holdings Limited ( (AU:FDR) ).
Finder Energy Holdings Limited has issued 100,000 fully paid ordinary shares to its corporate adviser upon the exercise of options at $0.075 per share and a further 500,000 fully paid ordinary shares to an employee following the conversion of vested performance rights at nil exercise price. The company has lodged the required cleansing notice under section 708A(5)(e) of the Corporations Act, confirming the new shares were issued without a prospectus, that it is compliant with its continuous disclosure and financial reporting obligations, and that there is no excluded information, thereby facilitating secondary trading of the new shares and signalling ongoing adherence to regulatory requirements for its capital management activities.
The most recent analyst rating on (AU:FDR) stock is a Hold with a A$0.41 price target. To see the full list of analyst forecasts on Finder Energy Holdings Limited stock, see the AU:FDR Stock Forecast page.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited is an Australia-based energy company listed on the ASX, focused on oil and gas exploration and related upstream activities, serving investors seeking exposure to hydrocarbon exploration and development opportunities.
Average Trading Volume: 882,056
Technical Sentiment Signal: Buy
Current Market Cap: A$198.3M
See more data about FDR stock on TipRanks’ Stock Analysis page.