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An update from Iris Metals Limited ( (AU:IR1) ) is now available.
Iris Metals Limited has notified the ASX of the issue of 1.5 million unquoted options under its employee incentive scheme, exercisable at $0.20 and expiring on 14 November 2027. The new options, which will not be quoted on the ASX, form part of the company’s broader remuneration and retention strategy, modestly increasing its pool of potential equity and aligning employees’ interests with long‑term shareholder value.
The most recent analyst rating on (AU:IR1) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Iris Metals Limited stock, see the AU:IR1 Stock Forecast page.
More about Iris Metals Limited
Iris Metals Limited is an Australian-listed company on the ASX under the code IR1. The announcement relates to the company’s capital structure and employee incentive arrangements, rather than its operating activities or market focus, which are not described in the release.
Average Trading Volume: 583,762
Technical Sentiment Signal: Sell
Current Market Cap: A$47.3M
Learn more about IR1 stock on TipRanks’ Stock Analysis page.