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GBM Resources Limited ( (AU:GBM) ) just unveiled an update.
GBM Resources Limited has applied to the ASX for quotation of 5,991,374 new fully paid ordinary shares, expanding its issued capital on the Australian market. The new securities arise from the exercise or conversion of existing options or other convertible securities, signalling additional equity being brought onto the market and modest dilution for existing shareholders, while potentially providing the company with further capital flexibility for its ongoing activities.
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: 11,278,298
Technical Sentiment Signal: Sell
Current Market Cap: A$158.7M
For an in-depth examination of GBM stock, go to TipRanks’ Overview page.