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Marquee Resources Ltd ( (AU:MQR) ) has issued an announcement.
Marquee Resources Ltd has issued 50 million unquoted performance rights in two new classes, each tied to share price performance conditions based on achieving a volume-weighted average price (VWAP) of A$0.02 and A$0.05 over ten consecutive trading days. The move introduces a substantial tranche of performance-based equity that, while not intended to be quoted on the ASX, could lead to significant dilution if the share price hurdles are met, aligning incentives to share price appreciation and potentially impacting existing shareholders’ ownership structure and the company’s capital management profile.
The most recent analyst rating on (AU:MQR) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Marquee Resources Ltd stock, see the AU:MQR Stock Forecast page.
More about Marquee Resources Ltd
Average Trading Volume: 2,679,859
Technical Sentiment Signal: Sell
Current Market Cap: A$8.18M
See more data about MQR stock on TipRanks’ Stock Analysis page.