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An announcement from Horseshoe Metals Limited ( (AU:HOR) ) is now available.
Horseshoe Metals Limited has applied to the ASX for quotation of 3,650,000 new ordinary fully paid shares, issued on 15 January 2026. The new securities result from the exercise or conversion of existing options or other convertible securities, representing a routine capital markets action that modestly expands the company’s quoted share base and may provide additional funding or strengthen its balance sheet, with limited immediate impact on existing shareholders beyond dilution.
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 company trading on the ASX under the code HOR. The announcement does not specify the company’s industry, projects, or products, and focuses solely on administrative details relating to its share capital.
YTD Price Performance: 13.95%
Average Trading Volume: 620,842
Technical Sentiment Signal: Buy
Current Market Cap: A$36.47M
Learn more about HOR stock on TipRanks’ Stock Analysis page.