Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from GBM Resources Limited ( (AU:GBM) ) is now available.
GBM Resources Limited has issued 28,823,982 fully paid ordinary shares, adding to its existing class of quoted securities on the Australian Securities Exchange. The company confirmed that the share issue was conducted without a disclosure document under the relevant provisions of the Corporations Act, while affirming its ongoing compliance with financial reporting and continuous disclosure obligations and stating that there is no excluded information, signalling regulatory adherence and transparency for investors regarding the new capital issuance.
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 (ASX: GBM), with its ordinary shares quoted on the Australian Securities Exchange and operating under the regulatory framework of the Corporations Act 2001.
Average Trading Volume: 10,976,746
Technical Sentiment Signal: Hold
Current Market Cap: A$169.5M
Learn more about GBM stock on TipRanks’ Stock Analysis page.