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PolarX Ltd ( (AU:PXX) ) just unveiled an announcement.
PolarX Limited has issued 1,588,794 ordinary shares at a deemed price of $0.025 per share to a contractor as payment for services provided on its Humboldt Range Gold Project, utilizing its existing placement capacity under ASX Listing Rule 7.1. The company confirmed that the shares were issued without a prospectus under the Corporations Act but stated it remains compliant with continuous disclosure and financial reporting obligations, signalling that the equity-based payment is a routine corporate action that minimally dilutes existing holders while supporting ongoing project work.
The most recent analyst rating on (AU:PXX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on PolarX Ltd stock, see the AU:PXX Stock Forecast page.
More about PolarX Ltd
PolarX Limited is an Australian-listed mineral exploration company focused on advancing its Humboldt Range Gold Project, indicating an operating focus in gold exploration and related resource development activities.
Average Trading Volume: 3,659,932
Technical Sentiment Signal: Buy
Current Market Cap: A$57.09M
See more insights into PXX stock on TipRanks’ Stock Analysis page.