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Mount Ridley Mines Limited ( (AU:MRD) ) has issued an announcement.
Mount Ridley Mines Limited has applied to the ASX for quotation of 41,950,001 new ordinary fully paid shares, issued under an underwriting agreement dated 18 December 2025. The additional shares, quoted from 21 January 2026, expand the company’s listed capital base and are expected to strengthen its funding position, with implications for existing shareholder dilution and the company’s capacity to progress its exploration and development activities.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
More about Mount Ridley Mines Limited
Mount Ridley Mines Limited is an Australian-listed resources company focused on mineral exploration and development. The company’s activities centre on identifying and advancing mining projects, with its ordinary fully paid shares traded on the ASX under the code MRD.
Average Trading Volume: 28,783,937
Technical Sentiment Signal: Sell
Current Market Cap: A$47.29M
For detailed information about MRD stock, go to TipRanks’ Stock Analysis page.