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The latest update is out from Imdex Ltd ( (AU:IMD) ).
Imdex Ltd has announced the cessation of 95,103 performance rights, which lapsed after the specified conditions for conversion into securities were not satisfied or became incapable of being met. The lapse reduces the pool of potential future equity issuance under these rights, marginally tightening the company’s prospective share capital base and signaling that certain performance or service hurdles tied to these instruments were not achieved.
The most recent analyst rating on (AU:IMD) stock is a Buy with a A$4.60 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
More about Imdex Ltd
Imdex Ltd is an Australia-based company listed on the ASX that operates in the mining and drilling technology sector. It typically issues performance rights and other equity-based incentives as part of its capital management and employee or executive remuneration structures.
Average Trading Volume: 1,173,356
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2B
For an in-depth examination of IMD stock, go to TipRanks’ Overview page.