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Manuka Resources Ltd ( (AU:MKR) ) has issued an update.
Manuka Resources Limited has issued 8,633,333 fully paid ordinary shares following the exercise of previously issued options at strike prices of $0.06 and $0.0411, with expiries in May and June 2026 respectively. The company confirmed that these shares were issued without a prospectus under the Corporations Act disclosure exemptions, stated it is compliant with its financial reporting and continuous disclosure obligations, and noted that this notice is intended to facilitate the resale of the new shares, signalling a modest expansion of its share capital and potential increase in market liquidity for existing and new investors.
The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.22 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 company listed on both the ASX and NZX, operating in the resources sector. The company is engaged in mining and related activities, with its securities traded under the ticker MKR in both markets.
Average Trading Volume: 11,619,789
Technical Sentiment Signal: Buy
Current Market Cap: A$300.9M
For an in-depth examination of MKR stock, go to TipRanks’ Overview page.