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An announcement from Horseshoe Metals Limited ( (AU:HOR) ) is now available.
Horseshoe Metals Limited has issued 3,650,000 fully paid ordinary shares following the conversion of an equivalent number of unlisted options across various classes, modestly increasing its quoted share capital on the ASX. In a cleansing notice to the market, the company confirmed the new shares were issued without a prospectus under the Corporations Act but are eligible for on-sale under the section 708A(5) exemption, and stated it is compliant with its financial reporting and continuous disclosure obligations and has no undisclosed price-sensitive information, providing assurance to investors about regulatory transparency around the new securities.
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 (ASX: HOR) is an Australian-listed resources company engaged in mineral exploration and development, with its securities traded on the Australian Securities Exchange. The company operates within the mining sector and is subject to the continuous disclosure and financial reporting obligations of the Corporations Act 2001.
YTD Price Performance: 13.95%
Average Trading Volume: 620,842
Technical Sentiment Signal: Buy
Current Market Cap: A$36.47M
See more data about HOR stock on TipRanks’ Stock Analysis page.