Sheffield Resources Issues New Shares to Enhance Capital Structure

Sheffield Resources Limited ( (AU:SFX) ) just unveiled an announcement.

Sheffield Resources Limited has issued 722,352 fully paid ordinary shares following the exercise of vested Performance Rights. Additionally, the company has issued 1,635,043 shares without disclosure under specific provisions of the Corporations Act, ensuring compliance with relevant regulations. This move signifies the company’s strategic efforts to enhance its capital structure and maintain transparency with its stakeholders.

The most recent analyst rating on (AU:SFX) stock is a Buy with a A$0.57 price target. To see the full list of analyst forecasts on Sheffield Resources Limited stock, see the AU:SFX Stock Forecast page.

More about Sheffield Resources Limited

Sheffield Resources Limited is a company listed on the Australian Securities Exchange, operating in the resources sector. The company focuses on the exploration and development of mineral sands projects, primarily in Australia.

Average Trading Volume: 177,289

Technical Sentiment Signal: Sell

Current Market Cap: A$57.25M

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