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The latest announcement is out from Mount Ridley Mines Limited ( (AU:MRD) ).
Mount Ridley Mines Limited has notified the market of the cessation of certain options on issue, including the expiry without exercise of 41,950,001 options (expiring 31 December 2025 at an exercise price of $0.03) and the cessation of a smaller tranche of options expiring 9 September 2030 at an exercise price of $0.01. The expiry and cessation of these securities reduce the company’s pool of outstanding options, slightly simplifying its capital structure and potentially limiting near-term dilution for existing shareholders, while also indicating that prior exercise prices were not met under prevailing market conditions.
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 exploration company (ASX: MRD) focused on mineral resource projects, operating within the mining and resources sector. The company’s activities typically involve the acquisition, exploration and evaluation of mineral tenements, positioning it within the broader commodities and exploration market.
Average Trading Volume: 30,945,683
Technical Sentiment Signal: Sell
Current Market Cap: A$40.85M
For a thorough assessment of MRD stock, go to TipRanks’ Stock Analysis page.