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Prospect Resources Ltd. ( (AU:PSC) ) just unveiled an announcement.
Prospect Resources has issued 17,888,561 fully paid ordinary shares to Eagle Eye Asset Holdings Pte Ltd, completing the conditional tranche of a placement first announced in February and later approved by shareholders in April. The new shares were issued without a prospectus under Australian Corporations Act provisions, with the company confirming it is compliant with its reporting obligations and that there is no undisclosed price-sensitive information, reinforcing transparency for existing and new investors.
The most recent analyst rating on (AU:PSC) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on Prospect Resources Ltd. stock, see the AU:PSC Stock Forecast page.
More about Prospect Resources Ltd.
Prospect Resources Limited is an ASX-listed company (ASX: PSC, FRA: 5E8) operating in the resources sector. The company focuses on mineral exploration and development, leveraging equity placements to fund its activities and sustain its presence in the Australian and international capital markets.
Average Trading Volume: 895,804
Technical Sentiment Signal: Buy
Current Market Cap: A$232M
Find detailed analytics on PSC stock on TipRanks’ Stock Analysis page.