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Indiana Resources Announces Cash Return of Capital and Option Price Reduction

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Indiana Resources Announces Cash Return of Capital and Option Price Reduction

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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.

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