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Prospect Resources Issues Shares to Consultant for Services

Story Highlights
  • Prospect Resources Limited issues 888,025 shares to a consultant as payment.
  • The share issuance aligns consultant’s interests with company performance, impacting cash flow.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Prospect Resources Issues Shares to Consultant for Services

Confident Investing Starts Here:

Prospect Resources Ltd. ( (AU:PSC) ) has issued an update.

Prospect Resources Limited has announced the issuance of 888,025 fully paid ordinary shares to a consultant as payment for services, with the shares being quoted on the Australian Securities Exchange (ASX). This move reflects the company’s strategic decision to compensate through equity, potentially impacting its cash flow and aligning the consultant’s interests with the company’s performance.

More about Prospect Resources Ltd.

YTD Price Performance: 55.56%

Average Trading Volume: 849,204

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$97.69M

For a thorough assessment of PSC stock, go to TipRanks’ Stock Analysis page.

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