tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Indiana Resources Announces Cash Return of Capital and Option Price Reduction

Story Highlights
Indiana Resources Announces Cash Return of Capital and Option Price Reduction

Meet Your ETF AI Analyst

Indiana Resources Limited ( (AU:IDA) ) has shared an announcement.

Indiana Resources Limited, a company listed on the Australian Securities Exchange under the code IDA, has announced a cash return of capital following shareholder approval. This update includes a reduction in the exercise price of certain unquoted options from 15.0 cents to 10.0 cents, impacting 4 million options in total. The announcement signifies a strategic financial adjustment aimed at benefiting shareholders and potentially enhancing the company’s market position.

More about Indiana Resources Limited

YTD Price Performance: 45.90%

Average Trading Volume: 671,876

Technical Sentiment Signal: Buy

Current Market Cap: A$57.2M

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1