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New World Resources Issues Shares Through Option Exercise

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New World Resources Issues Shares Through Option Exercise

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New World Resources Limited ( (AU:NWC) ) just unveiled an update.

New World Resources Limited has issued 573,643 ordinary shares following the cashless exercise of 2,000,000 unlisted options. This strategic move, executed without disclosure under the Corporations Act, reflects the company’s ongoing efforts to optimize its capital structure and enhance shareholder value.

The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on New World Resources Limited stock, see the AU:NWC Stock Forecast page.

More about New World Resources Limited

New World Resources Limited operates in the mining industry, focusing on copper, gold, and zinc projects. The company is primarily engaged in the exploration and development of mineral resources, with key projects located in Arizona and New Mexico, USA.

YTD Price Performance: 255.56%

Average Trading Volume: 26,498,872

Technical Sentiment Signal: Buy

Current Market Cap: A$228.7M

See more data about NWC stock on TipRanks’ Stock Analysis page.

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