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The latest update is out from Red Metal Limited ( (AU:RDM) ).
Red Metal Limited has announced the allotment of 600,000 ordinary fully paid shares following the exercise of unquoted options. This move was executed without disclosure to investors under the Corporations Act 2001, and the company confirms compliance with relevant provisions of the Act. This development signifies a strategic financial maneuver that may enhance the company’s liquidity and shareholder base, potentially impacting its market positioning.
More about Red Metal Limited
Average Trading Volume: 381,286
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$54.28M
For a thorough assessment of RDM stock, go to TipRanks’ Stock Analysis page.