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Santana Minerals Ltd. ( (AU:SMI) ) just unveiled an announcement.
Santana Minerals Ltd has issued a total of 3,018,720 fully paid ordinary shares, comprising 318,720 shares from the vesting of employee performance rights and 2,700,000 shares from the exercise of employee share options. This move is part of the company’s compliance with the Corporations Act 2001, and it reflects the company’s ongoing efforts to incentivize its workforce and potentially strengthen its market position.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$1.63 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
More about Santana Minerals Ltd.
Santana Minerals Ltd operates in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on both the Australian Securities Exchange (ASX) and the New Zealand Exchange (NZX) under the ticker SMI.
Average Trading Volume: 1,393,166
Technical Sentiment Signal: Buy
Current Market Cap: A$673.4M
For a thorough assessment of SMI stock, go to TipRanks’ Stock Analysis page.