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Manuka Resources Ltd ( (AU:MKR) ) just unveiled an update.
Manuka Resources Limited has issued 6,350,000 fully paid ordinary shares following the exercise of 4,000,000 options at $0.0834 expiring on 24 January 2026 and 2,350,000 options at $0.06 expiring on 15 May 2026. The shares were issued without a prospectus under the Corporations Act, and the company has certified that it is compliant with financial reporting and continuous disclosure obligations, and that there is no excluded or additional information required for investors to assess the company or the rights attached to the new shares; this notice enables the resale of the newly issued shares on the secondary market, modestly expanding the company’s equity base.
The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.13 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 is an Australia-based mining company listed on both the ASX and NZX under the code MKR. The company is involved in the exploration and development of mineral resources, operating within the broader resources sector and accessing capital through listed equity to fund its ongoing projects and activities.
Average Trading Volume: 10,475,689
Technical Sentiment Signal: Buy
Current Market Cap: A$183.1M
Learn more about MKR stock on TipRanks’ Stock Analysis page.