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Manuka Resources Ltd ( (AU:MKR) ) just unveiled an update.
Manuka Resources has issued 3,195,011 fully paid ordinary shares following the exercise of options priced at $0.06 and expiring on 15 May 2026, increasing its share capital without issuing a new disclosure document. The company confirmed it remains compliant with its financial reporting and continuous disclosure obligations and stated there is no additional material information required for investors, enabling these new shares to be freely resold and modestly strengthening Manuka’s capital base without signaling any change to its underlying operations or strategy.
The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.10 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, dual-listed on the ASX and NZX under the ticker MKR, operates in the resources sector, focusing on the exploration and development of mineral assets. The company issues fully paid ordinary shares as part of its capital management and funding activities to support its projects and operations.
Average Trading Volume: 9,537,244
Technical Sentiment Signal: Buy
Current Market Cap: A$140.5M
For detailed information about MKR stock, go to TipRanks’ Stock Analysis page.