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Riedel Resources Seeks ASX Quotation for 15.4 Million New Shares

Story Highlights
  • Riedel Resources has applied to quote over 15 million new fully paid ordinary shares on the ASX.
  • The additional quoted shares modestly expand Riedel’s capital base and may improve trading liquidity for investors.
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Riedel Resources Seeks ASX Quotation for 15.4 Million New Shares

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The latest update is out from Riedel Resources Limited ( (AU:RIE) ).

Riedel Resources Limited has applied to the ASX for quotation of 15,361,303 new fully paid ordinary shares under the ticker RIE. The issuance, lodged via an Appendix 2A, brings these previously announced securities onto the official market, modestly expanding the company’s quoted capital base and potentially enhancing liquidity for existing and new shareholders.

More about Riedel Resources Limited

Average Trading Volume: 421,383

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$5.78M

For detailed information about RIE stock, go to TipRanks’ Stock Analysis page.

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