Matsa Resources Boosts Equity Base Through Option Exercise and Share Issue

Matsa Resources Limited ( (AU:MAT) ) just unveiled an update.

Matsa Resources Limited has issued 2,010,925 new fully paid ordinary shares following the exercise of unlisted options, increasing its share capital without undertaking a formal disclosure process to investors under the Corporations Act. The company confirmed it is compliant with its financial reporting and continuous disclosure obligations and that there is no excluded information affecting the new securities, a move that modestly strengthens its equity base while signalling regulatory compliance and ongoing shareholder support through option conversions.

The most recent analyst rating on (AU:MAT) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.

More about Matsa Resources Limited

Matsa Resources Limited is an Australian-listed resources company based in Perth, operating in the mining and exploration sector. The company has 950.12 million shares on issue, a substantial base of unlisted options, and a concentrated share register with its top 20 shareholders holding over 70% of the stock, underpinning a market capitalisation of about A$137.77 million.

Average Trading Volume: 2,035,455

Technical Sentiment Signal: Buy

Current Market Cap: A$128M

For a thorough assessment of MAT stock, go to TipRanks’ Stock Analysis page.