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Mount Ridley Mines Limited ( (AU:MRD) ) just unveiled an update.
Mount Ridley Mines Limited has applied to the ASX for quotation of 1,579,417 new fully paid ordinary shares following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities marginally expands the company’s share base and signals continued shareholder participation in its capital structure, though the announcement does not provide further operational or strategic context around the issuance.
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
Average Trading Volume: 30,650,440
Technical Sentiment Signal: Sell
Current Market Cap: A$40.85M
For a thorough assessment of MRD stock, go to TipRanks’ Stock Analysis page.