Indiana Resources Announces Proposed Capital Return to Shareholders

The latest announcement is out from Indiana Resources Limited ( (AU:IDA) ).

Indiana Resources Limited has announced a proposed capital return of $0.05 per share to its shareholders, subject to shareholder approval. The company, which has a consolidated cash position of A$69.5 million, plans to distribute A$32.2 million, leaving a remaining cash position of approximately A$37 million. This move is part of the company’s strategy to manage its financial resources effectively, and it may consider further distributions in the future, pending the resolution of a dispute involving one of its claimants.

More about Indiana Resources Limited

Indiana Resources Limited is a company listed on the Australian Securities Exchange (ASX: IDA), operating in the resources sector. The company focuses on exploration and development projects, with a market focus on minerals and resources.

YTD Price Performance: 27.87%

Average Trading Volume: 672,606

Technical Sentiment Signal: Buy

Current Market Cap: A$48.85M

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