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QPM Energy ( (AU:QPM) ) has provided an announcement.
QPM Energy Limited, a company listed on the Australian Securities Exchange under the code QPM, has issued 15,375,357 new fully paid ordinary shares. These shares were issued upon the conversion of performance rights on a 1-for-1 basis, without the need for disclosure to investors under section 708A(5) of the Corporations Act 2001. This strategic move reflects the company’s compliance with the necessary legal provisions and indicates a potential strengthening of its market position by increasing its share capital.
The most recent analyst rating on (AU:QPM) stock is a Buy with a A$0.11 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.
More about QPM Energy
Average Trading Volume: 8,232,732
Technical Sentiment Signal: Sell
Current Market Cap: A$98.37M
See more insights into QPM stock on TipRanks’ Stock Analysis page.