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Norfolk Metals Ltd. ( (AU:NFL) ) has provided an announcement.
Norfolk Metals Ltd., listed on the ASX under the code NFL, has lodged details of a proposed issue of securities, including ordinary fully paid shares and unquoted options, as part of a capital management initiative. The company plans to issue up to 21 million new ordinary shares and a total of 23 million unquoted options through a placement or similar structure, with a proposed issue date of 27 January 2026, signaling an effort to bolster its capital base that could affect existing shareholders through dilution while potentially supporting future operational or strategic activities.
The most recent analyst rating on (AU:NFL) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Norfolk Metals Ltd. stock, see the AU:NFL Stock Forecast page.
More about Norfolk Metals Ltd.
Average Trading Volume: 195,588
Technical Sentiment Signal: Sell
Current Market Cap: A$8.48M
For detailed information about NFL stock, go to TipRanks’ Stock Analysis page.