Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Meeka Gold Limited ( (AU:MEK) ) has shared an update.
Meeka Metals Limited has issued 2,995,522 fully paid ordinary shares following the vesting and conversion of an equivalent number of unlisted performance rights under its employee incentive security plan. The company confirmed that the new shares were issued without a prospectus under the relevant Corporations Act provisions, and stated it is compliant with its continuous disclosure and financial reporting obligations, with no excluded information to disclose, ensuring the shares can trade freely on the market and signalling orderly governance around its capital management and incentive arrangements.
The most recent analyst rating on (AU:MEK) stock is a Buy with a A$0.33 price target. To see the full list of analyst forecasts on Meeka Gold Limited stock, see the AU:MEK Stock Forecast page.
More about Meeka Gold Limited
Meeka Metals Limited is an Australian-listed resources company operating in the metals and mining sector. The company is focused on exploring and developing mineral assets and uses equity-based incentive structures to align employees and executives with shareholder interests.
Average Trading Volume: 14,496,689
Technical Sentiment Signal: Buy
Current Market Cap: A$779.9M
Find detailed analytics on MEK stock on TipRanks’ Stock Analysis page.