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Great Boulder Resources Ltd ( (AU:GBR) ) just unveiled an update.
Great Boulder Resources has applied to the ASX for quotation of 705,393 new fully paid ordinary shares, following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities marginally expands the company’s issued capital base and may provide additional liquidity for shareholders, while signalling some investor or insider confidence through the conversion of these instruments.
The most recent analyst rating on (AU:GBR) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Great Boulder Resources Ltd stock, see the AU:GBR Stock Forecast page.
More about Great Boulder Resources Ltd
Average Trading Volume: 5,190,921
Technical Sentiment Signal: Buy
Current Market Cap: A$108.4M
Learn more about GBR stock on TipRanks’ Stock Analysis page.