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Rincon Resources Ltd. ( (AU:RCR) ) has issued an update.
Rincon Resources has issued and allotted 75,000,000 new fully paid ordinary shares, expanding its share capital base as detailed in its latest Appendix 2A filing. The company has confirmed that these shares were issued without a prospectus but qualify for secondary trading under the Corporations Act exemptions, and it states it is fully compliant with continuous disclosure and financial reporting obligations, implying no undisclosed information that would materially affect investors’ assessment of the company or the rights attached to the new shares.
The most recent analyst rating on (AU:RCR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Rincon Resources Ltd. stock, see the AU:RCR Stock Forecast page.
More about Rincon Resources Ltd.
Rincon Resources Ltd. is an Australian-listed company on the ASX under the ticker RCR. The firm operates within the resources sector, focusing on exploration and development activities, and its ordinary shares are fully paid and tradeable on the Australian market.
Average Trading Volume: 1,727,848
Technical Sentiment Signal: Buy
Current Market Cap: A$6.63M
See more insights into RCR stock on TipRanks’ Stock Analysis page.