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GBM Resources Limited ( (AU:GBM) ) has provided an update.
GBM Resources Limited has applied to the ASX for quotation of 5,935,678 new fully paid ordinary shares, expanding its listed share capital base. The issuance, arising from the exercise or conversion of existing options or convertible securities, modestly increases the company’s free float and may have implications for shareholder dilution and trading liquidity once the new shares commence quotation.
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
Average Trading Volume: 10,226,828
Technical Sentiment Signal: Hold
Current Market Cap: A$173.9M
For detailed information about GBM stock, go to TipRanks’ Stock Analysis page.