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Lotus Resources Limited ( (AU:LOT) ) has provided an announcement.
Lotus Resources Limited has issued 30,152 fully paid ordinary shares following the exercise of an equivalent number of nil-price options, which were granted under its shareholder-approved Incentive Option Plan and exercised by a former employee. The company has formally notified the market that these employee shares were issued without a disclosure document under the Corporations Act, while confirming its compliance with continuous disclosure and financial reporting obligations and stating that there is no excluded information that would need to be disclosed to investors in relation to this share issue.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.28 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 (ASX: LOT, OTCQX: LTSRF) is an Australian-listed company operating in the resources sector, with its securities traded on both the ASX and OTCQX markets.
Average Trading Volume: 18,151,146
Technical Sentiment Signal: Sell
Current Market Cap: A$516.3M
See more insights into LOT stock on TipRanks’ Stock Analysis page.