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Mount Ridley Mines Limited ( (AU:MRD) ) has issued an update.
Mount Ridley Mines Limited has applied to the ASX for quotation of 25,889 new fully paid ordinary shares, following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities slightly expands the company’s issued capital base, but the announcement provides limited detail on the underlying transactions, suggesting minimal immediate impact on overall capital structure or on existing shareholders’ positions.
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: 28,783,937
Technical Sentiment Signal: Sell
Current Market Cap: A$47.29M
See more insights into MRD stock on TipRanks’ Stock Analysis page.