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Matsa Resources Limited ( (AU:MAT) ) just unveiled an announcement.
Matsa Resources Limited has confirmed the allotment of 1,200,570 fully paid ordinary shares following the exercise of unlisted options, increasing its issued capital base. The company stated that these shares were issued without a prospectus under the relevant Corporations Act provisions and confirmed its ongoing compliance with financial reporting and continuous disclosure obligations, signalling regulatory adherence and potentially improved balance sheet flexibility for future corporate and operational activities.
The most recent analyst rating on (AU:MAT) stock is a Hold with a A$0.11 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 operating in the mining and exploration industry, with its head office in Perth, Western Australia.
Average Trading Volume: 2,282,233
Technical Sentiment Signal: Buy
Current Market Cap: A$129.1M
For detailed information about MAT stock, go to TipRanks’ Stock Analysis page.