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Matsa Resources Limited ( (AU:MAT) ) has issued an update.
Matsa Resources Limited has announced the issuance of 3,500,000 fully paid ordinary shares following the exercise of unlisted options. This move is part of the company’s ongoing compliance with the Corporations Act, and the shares were issued without disclosure to investors under specific provisions of the Act. This issuance could potentially impact the company’s market capitalization and shareholder distribution, reflecting its strategic financial maneuvers.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 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 a company operating in the mining industry, primarily focused on the exploration and development of mineral resources. The company is based in Perth, Western Australia, and is publicly listed on the Australian Securities Exchange (ASX).
YTD Price Performance: 242.86%
Average Trading Volume: 2,676,984
Technical Sentiment Signal: Buy
Current Market Cap: A$112.9M
See more insights into MAT stock on TipRanks’ Stock Analysis page.