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The latest update is out from GBM Resources Limited ( (AU:GBM) ).
GBM Resources has issued 27,777,777 fully paid ordinary shares, expanding its existing class of quoted securities on the Australian Securities Exchange. The company confirmed the shares were issued without a disclosure document under the Corporations Act, while affirming compliance with its financial reporting and continuous disclosure obligations, and stating there is no excluded information that investors are not aware of.
The most recent analyst rating on (AU:GBM) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on GBM Resources Limited stock, see the AU:GBM Stock Forecast page.
More about GBM Resources Limited
GBM Resources Limited is an Australian-listed company on the ASX focused on resource exploration and development. Operating from Perth, the company issues fully paid ordinary shares that form part of its quoted securities on the Australian Securities Exchange, targeting investors in the mining and resources sector.
Average Trading Volume: 12,518,315
Technical Sentiment Signal: Buy
Current Market Cap: A$171M
See more insights into GBM stock on TipRanks’ Stock Analysis page.