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The latest update is out from Magmatic Resources Ltd. ( (AU:MAG) ).
Magmatic Resources Ltd. has confirmed the expiry of a series of unexercised options listed on the ASX under the code MAGAP, each exercisable at $0.144 and due to expire on 31 December 2025. A total of 5.5 million of these options have now lapsed without conversion, slightly simplifying the company’s capital structure and removing a potential source of future share dilution for existing shareholders.
The most recent analyst rating on (AU:MAG) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magmatic Resources Ltd. stock, see the AU:MAG Stock Forecast page.
More about Magmatic Resources Ltd.
Average Trading Volume: 716,170
Technical Sentiment Signal: Buy
Current Market Cap: A$27.62M
See more insights into MAG stock on TipRanks’ Stock Analysis page.