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Manuka Resources Issues 250,000 Ordinary Shares

Story Highlights
  • Manuka Resources operates in the mining industry, focusing on precious metals.
  • The company issued 250,000 shares after converting unlisted options, ensuring legal compliance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Manuka Resources Issues 250,000 Ordinary Shares

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The latest announcement is out from Manuka Resources Ltd ( (AU:MKR) ).

Manuka Resources Limited has issued 250,000 ordinary shares following the conversion of unlisted options, with each option exercisable at $0.06 and expiring on May 15, 2026. This issuance was completed without disclosure under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant legal provisions, ensuring transparency and adherence to disclosure requirements.

The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Manuka Resources Ltd stock, see the AU:MKR Stock Forecast page.

More about Manuka Resources Ltd

Manuka Resources Limited operates in the mining industry, focusing on the extraction and production of precious metals. The company is listed on both the Australian Securities Exchange (ASX) and the New Zealand Exchange (NZX), indicating its market focus in these regions.

Average Trading Volume: 7,069,684

Technical Sentiment Signal: Buy

Current Market Cap: A$91.97M

Learn more about MKR stock on TipRanks’ Stock Analysis page.

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