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An announcement from Iris Metals Limited ( (AU:IR1) ) is now available.
Iris Metals Limited has announced that 6.5 million listed options with an exercise price of A$0.40, due to expire on 31 December 2025, have lapsed unexercised. The expiry of these options without conversion marginally reduces the company’s potential future share dilution but has no immediate impact on its existing capital structure, signalling that holders chose not to convert at current market conditions.
The most recent analyst rating on (AU:IR1) stock is a Hold with a A$0.18 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
Average Trading Volume: 656,679
Technical Sentiment Signal: Sell
Current Market Cap: A$43.66M
For detailed information about IR1 stock, go to TipRanks’ Stock Analysis page.