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Haranga Resources Issues Shares on Option Exercise and Flags Upcoming Drilling Results

Story Highlights
  • Haranga Resources issued 500,000 new shares from exercised options at $0.08 each.
  • The company affirmed regulatory compliance and flagged forthcoming drilling assay results for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Haranga Resources Issues Shares on Option Exercise and Flags Upcoming Drilling Results

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Haranga Resources Limited ( (AU:HAR) ) just unveiled an announcement.

Haranga Resources Limited has issued 500,000 fully paid ordinary shares following the exercise of an equal number of unlisted options at $0.08 each, with the options expiring on 26 June 2028, thereby slightly increasing its share capital. The company confirmed that the shares were issued without a disclosure document under the Corporations Act, stated it remains compliant with its financial reporting and continuous disclosure obligations, and noted that results from its ongoing drilling programs will be released once assays are received, signalling continued operational activity that investors will be monitoring for potential impact on the company’s exploration progress and valuation.

The most recent analyst rating on (AU:HAR) stock is a Hold with a A$0.21 price target. To see the full list of analyst forecasts on Haranga Resources Limited stock, see the AU:HAR Stock Forecast page.

More about Haranga Resources Limited

Haranga Resources Limited (ASX: HAR) is an Australian-listed resources company focused on mineral exploration and development, with its activities including drilling programs aimed at advancing its resource projects and generating exploration results for the market.

Average Trading Volume: 2,644,394

Technical Sentiment Signal: Buy

Current Market Cap: A$84.45M

See more data about HAR stock on TipRanks’ Stock Analysis page.

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