PhosCo Ltd ( (AU:PHO) ) has issued an update.
PhosCo Ltd has announced the release of 4,243,956 fully paid ordinary shares from voluntary escrow, effective 28 March 2025. These shares were initially issued without a cleansing notice, leading to escrow arrangements that have now been terminated following the company’s recent prospectus release. This move allows for the onsale of these shares, although it does not alter the company’s issued capital. The decision reflects PhosCo’s strategic approach to enhancing liquidity and shareholder value.
More about PhosCo Ltd
PhosCo Ltd operates in the industry of mineral resources and is primarily focused on the production and development of phosphate products. The company is listed on the Australian Securities Exchange (ASX) under the ticker PHO and is engaged in activities related to the exploration and commercialization of phosphate resources.
YTD Price Performance: 8.33%
Average Trading Volume: 91,598
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$25.14M
For a thorough assessment of PHO stock, go to TipRanks’ Stock Analysis page.