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Saturn Metals Issues New Shares on Employee Performance Rights

Story Highlights
  • Saturn Metals has issued 76,245 new shares after staff exercised performance rights.
  • The company says issuance complied with reporting rules and no further disclosure is required.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Saturn Metals Issues New Shares on Employee Performance Rights

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Saturn Metals Ltd. ( (AU:STN) ) just unveiled an announcement.

Saturn Metals Limited has issued 76,245 fully paid ordinary shares following the exercise of performance rights by employees, modestly increasing the company’s share base. The company confirmed the shares were issued without a prospectus in accordance with Australian corporations law, stating it remains compliant with its financial reporting and continuous disclosure obligations and that there is no excluded material information that investors would reasonably expect in a disclosure document.

The most recent analyst rating on (AU:STN) stock is a Sell with a A$0.45 price target. To see the full list of analyst forecasts on Saturn Metals Ltd. stock, see the AU:STN Stock Forecast page.

More about Saturn Metals Ltd.

Average Trading Volume: 1,466,309

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$287M

Learn more about STN stock on TipRanks’ Stock Analysis page.

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