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Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has provided an announcement.
Native Mineral Resources Holdings Ltd has expanded its capital base by issuing 63,460,000 new ordinary fully paid shares following the exercise of a series of options and the conversion of vested performance rights. The new shares, which rank equally with existing stock, were issued without a full prospectus under exemptions in the Corporations Act, with the company confirming its ongoing compliance with continuous disclosure and financial reporting obligations, a move that reinforces its regulatory standing while modestly diluting existing shareholders as it secures additional equity capital.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Ltd is an Australian-listed resources company operating in the minerals sector, with its ordinary fully paid shares traded on the ASX under the ticker NMR.
Average Trading Volume: 2,213,741
Technical Sentiment Signal: Sell
Current Market Cap: A$76.54M
See more data about NMR stock on TipRanks’ Stock Analysis page.