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Scorpion Minerals Limited ( (AU:SCN) ) has shared an update.
Scorpion Minerals Limited has applied to the ASX for quotation of 8,875,000 new ordinary fully paid shares, issued on 2 February 2026 following the exercise or conversion of existing options or other convertible securities. The additional quoted securities will expand the company’s free float and may modestly enhance liquidity in its stock, potentially affecting capital structure and providing further flexibility for ongoing exploration and development activities.
The most recent analyst rating on (AU:SCN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Scorpion Minerals Limited stock, see the AU:SCN Stock Forecast page.
More about Scorpion Minerals Limited
Scorpion Minerals Limited is an Australian-listed resources company focused on mineral exploration and development, with its ordinary fully paid shares traded on the ASX under the code SCN.
Average Trading Volume: 1,376,655
Technical Sentiment Signal: Buy
Current Market Cap: A$22.38M
Find detailed analytics on SCN stock on TipRanks’ Stock Analysis page.