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GBM Resources Limited ( (AU:GBM) ) has provided an announcement.
GBM Resources Limited has applied to the ASX for quotation of additional ordinary fully paid shares, expanding its listed securities on the market. The company will have 86,857,122 new ordinary shares quoted, issued in two tranches on 30 January and 2 February 2026, reflecting the conversion or exercise of existing options or other convertible securities, which will increase the company’s free float and potentially enhance liquidity for shareholders.
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: 10,976,746
Technical Sentiment Signal: Hold
Current Market Cap: A$169.5M
See more data about GBM stock on TipRanks’ Stock Analysis page.