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Lotus Resources Limited ( (AU:LOT) ) has issued an announcement.
Lotus Resources Limited has applied to the ASX for quotation of 39,509 new fully paid ordinary shares, to be traded under its existing ticker LOT. The small equity issuance, arising from the exercise or conversion of existing options or other convertible securities, modestly increases Lotus’s quoted share capital and reflects ongoing utilisation of its equity incentive or funding arrangements, with limited immediate impact on the company’s overall capital structure.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$4.20 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
Average Trading Volume: 1,390,131
Technical Sentiment Signal: Buy
Current Market Cap: A$720.7M
Learn more about LOT stock on TipRanks’ Stock Analysis page.