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An update from Kingston Resources Ltd. ( (AU:KSN) ) is now available.
Kingston Resources Limited has applied to the ASX for quotation of 617,455 new fully paid ordinary shares, issued following the exercise or conversion of existing options or other convertible securities. The additional share quotation slightly enlarges the company’s listed capital base and reflects ongoing conversion of securities, but the announcement provides no further detail on use of proceeds or strategic implications for operations or stakeholders.
The most recent analyst rating on (AU:KSN) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Kingston Resources Ltd. stock, see the AU:KSN Stock Forecast page.
More about Kingston Resources Ltd.
Average Trading Volume: 2,498,458
Technical Sentiment Signal: Buy
Current Market Cap: A$105M
See more data about KSN stock on TipRanks’ Stock Analysis page.