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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.