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ITech Minerals LTD ( (AU:ITM) ) has shared an update.
ITech Minerals Ltd has announced the cessation of 3.5 million performance rights (ASX code ITMAD) after the conditional rights lapsed because the specified conditions were not met or became incapable of being satisfied. The lapse reduces the company’s potential future issued capital, signalling no dilution from these particular performance rights and slightly tightening the company’s capital structure for existing shareholders.
The most recent analyst rating on (AU:ITM) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on ITech Minerals LTD stock, see the AU:ITM Stock Forecast page.
More about ITech Minerals LTD
ITech Minerals Ltd is an Australian-listed company (ASX: ITM) operating in the resources and minerals sector. The company is focused on mineral exploration and development, with its securities traded on the Australian Securities Exchange.
Average Trading Volume: 1,347,971
Technical Sentiment Signal: Sell
Current Market Cap: A$12.9M
For detailed information about ITM stock, go to TipRanks’ Stock Analysis page.