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The latest update is out from Southern Gold Limited ( (AU:ION) ).
IONDRIVE Limited has notified the ASX of the issue of 6 million unquoted options, each expiring on 19 January 2030, under a new class of securities. The move expands the company’s pool of unquoted equity instruments, potentially affecting capital structure and future dilution for existing shareholders, although the announcement does not disclose the purpose or recipients of these options.
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
IONDRIVE Limited is an ASX-listed company (code: ION). The announcement does not provide details on its industry, products or services, or specific market focus.
YTD Price Performance: 4.65%
Average Trading Volume: 2,802,749
Technical Sentiment Signal: Buy
Current Market Cap: A$57.07M
For an in-depth examination of ION stock, go to TipRanks’ Overview page.