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Southern Gold Limited ( (AU:ION) ) has provided an update.
IONDRIVE Limited has notified the ASX of the issue of 20 million unquoted performance rights under its employee incentive scheme, which are not intended to be quoted on the exchange. The new performance rights, expiring in January 2029, are designed to align staff and management incentives with shareholder interests and may have future implications for the company’s capital structure and dilution profile as they vest and convert into equity.
The most recent analyst rating on (AU:ION) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Southern Gold Limited stock, see the AU:ION Stock Forecast page.
More about Southern Gold Limited
YTD Price Performance: 4.65%
Average Trading Volume: 2,802,749
Technical Sentiment Signal: Buy
Current Market Cap: A$57.07M
See more data about ION stock on TipRanks’ Stock Analysis page.