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Southern Gold Limited ( (AU:ION) ) has provided an update.
IONDRIVE Limited has lodged an application with the ASX for quotation of additional ordinary fully paid shares, expanding its listed equity base. The company is seeking quotation for 2,045,451 new ordinary shares, issued on 6 March 2026 as part of previously announced transactions, a move that marginally increases its free float and could provide additional liquidity for shareholders while completing the equity component of earlier market disclosures.
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: 2,003,099
Technical Sentiment Signal: Buy
Current Market Cap: A$55.02M
Find detailed analytics on ION stock on TipRanks’ Stock Analysis page.