Horseshoe Metals Issues 1 Million Shares Under Employee Incentive Plan

Horseshoe Metals Limited ( (AU:HOR) ) has issued an update.

Horseshoe Metals Limited has issued 1,000,000 fully paid ordinary shares under its Employee Securities Incentive Plan, expanding its quoted share capital on the ASX. The company has confirmed that the issue was conducted without a disclosure document under the Corporations Act but qualifies for on-sale exemptions, and it states it is compliant with ongoing reporting obligations and has no undisclosed material information, signalling that the incentive-based share issue should not alter its regulatory standing or disclosure position for investors.

The most recent analyst rating on (AU:HOR) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Horseshoe Metals Limited stock, see the AU:HOR Stock Forecast page.

More about Horseshoe Metals Limited

Horseshoe Metals Limited is an Australian-listed resources company (ASX: HOR) active in the mining and exploration sector, with its operations and corporate offices based in Western Australia.

YTD Price Performance: 6.98%

Average Trading Volume: 593,063

Technical Sentiment Signal: Buy

Current Market Cap: A$35.9M

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