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Matsa Resources Limited ( (AU:MAT) ) has shared an update.
Matsa Resources Limited has announced the issuance of 50,000 fully paid ordinary shares following the exercise of unlisted options. This move was made without disclosure to investors under specific sections of the Corporations Act, and the company has complied with all relevant legal provisions. The issuance of these shares reflects Matsa’s ongoing efforts to manage its capital structure and potentially enhance its market position.
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, focusing on the exploration and development of mineral resources. It is based in Perth, Western Australia, and has a market capitalization of approximately A$113.36 million. The company has a significant number of shares and options issued, with the top 20 shareholders holding nearly 70% of the shares.
Average Trading Volume: 2,556,426
Technical Sentiment Signal: Buy
Current Market Cap: A$113.4M
For detailed information about MAT stock, go to TipRanks’ Stock Analysis page.