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Matsa Resources Limited ( (AU:MAT) ) just unveiled an announcement.
Matsa Resources Limited has applied for quotation on the ASX of 2,837,778 new fully paid ordinary shares, to be issued on 14 January 2026 following the exercise or conversion of existing options or other convertible securities. The additional quoted securities modestly expand Matsa’s equity base, potentially providing further capital flexibility for its resource exploration and development programs and slightly increasing the free float available to existing and prospective shareholders.
The most recent analyst rating on (AU:MAT) stock is a Hold with a A$0.13 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, listed on the ASX under the code MAT, operates in the resources sector, focusing on the exploration and development of mineral assets. The company targets opportunities in the mining industry, seeking to create value through advancing its projects and optimising its capital structure to support ongoing exploration and development activities.
Average Trading Volume: 2,246,528
Technical Sentiment Signal: Buy
Current Market Cap: A$122.9M
Learn more about MAT stock on TipRanks’ Stock Analysis page.