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Lotus Resources Limited ( (AU:LOT) ) has provided an announcement.
Lotus Resources Limited has announced its intention to consolidate its share capital on an 11.5-for-1 basis, pending shareholder approval at an upcoming Extraordinary General Meeting. This consolidation aims to reduce the number of shares to approximately 236 million, aligning with the company’s status as an ASX300 entity and enhancing its appeal to a broader investor base. The consolidation will not materially affect individual shareholder percentages, and all options and performance rights will be adjusted accordingly. Additionally, the company plans to update its constitution to a more modern version.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.31 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
More about Lotus Resources Limited
Lotus Resources Limited operates in the resources industry, focusing on mining and resource development. The company is listed on the Australian Securities Exchange (ASX) and aims to attract a wider range of investors, including international stakeholders.
Average Trading Volume: 19,325,302
Technical Sentiment Signal: Sell
Current Market Cap: A$489.1M
For detailed information about LOT stock, go to TipRanks’ Stock Analysis page.