tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Hawsons Iron Limited Announces Share Placement to Bolster Capital

Story Highlights
Hawsons Iron Limited Announces Share Placement to Bolster Capital

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest update is out from Hawsons Iron Ltd ( (AU:HIO) ).

Hawsons Iron Limited has announced the issuance of 41,176,471 fully paid ordinary shares at a price of $0.017 per share as part of a share placement. This strategic move, authorized by the company’s board, aims to strengthen the company’s capital base without the need for investor disclosure under specific provisions of the Corporations Act, potentially enhancing its market position and operational capabilities.

More about Hawsons Iron Ltd

Hawsons Iron Limited is a company operating in the iron industry, focusing on the production and supply of iron products. The company is involved in the development and management of iron resources, aiming to cater to the growing demand in the market.

Average Trading Volume: 1,976,774

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$21.35M

See more insights into HIO stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1