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The latest update is out from Horizon Minerals Ltd ( (AU:HRZ) ).
Horizon Minerals Ltd has announced the issuance of 5,813,954 fully paid ordinary shares at a price of $0.043 per share for transaction-related services. This issuance was conducted under ASX Listing Rules 7.1 and without disclosure to investors under Part 6D.2 of the Corporations Act 2001. The company confirms compliance with relevant provisions of the Corporations Act and states that there is no excluded information requiring disclosure. This move is part of Horizon’s strategic financial operations, potentially impacting its market positioning and stakeholder interests by enhancing liquidity and funding capabilities.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
More about Horizon Minerals Ltd
Horizon Minerals Ltd is a company operating in the mining industry, primarily focused on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker HRZ.
Average Trading Volume: 6,293,904
Technical Sentiment Signal: Buy
Current Market Cap: A$171.9M
For a thorough assessment of HRZ stock, go to TipRanks’ Stock Analysis page.