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Southern Gold Limited ( (AU:ION) ) just unveiled an update.
IONDRIVE Limited, listed on the ASX under the code ION, has notified the market of a change to its issued capital structure.
The company announced that 2,500,000 options (code IONAAD), exercisable at $0.025 and expiring 3 December 2028, have lapsed as the conditions attached to these securities were not satisfied or have become incapable of being satisfied, resulting in a reduction of potential future dilution for existing shareholders.
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
Average Trading Volume: 2,858,743
Technical Sentiment Signal: Hold
Current Market Cap: A$50.73M
Learn more about ION stock on TipRanks’ Stock Analysis page.