Riedel Resources Limited ( (AU:RIE) ) has shared an update.
Riedel Resources Limited has announced a proposed issue of securities, specifically lead manager options totaling 594,000 units. This issuance is scheduled for June 30, 2025, and is part of a placement or other type of issue. The announcement indicates that the securities may be quoted on the ASX, pending agreement and compliance with the ASX Listing Rules. This move could potentially impact Riedel Resources’ market positioning by increasing its capital base, which may be utilized for further business development or operational expansion.
More about Riedel Resources Limited
YTD Price Performance: 6.45%
Average Trading Volume: 33,146
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.83M
For detailed information about RIE stock, go to TipRanks’ Stock Analysis page.