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Sky Metals Limited ( (AU:SKY) ) just unveiled an update.
Sky Metals Limited has issued 26.5 million fully paid ordinary shares following the conversion of performance rights, increasing its share base without undertaking a separate disclosure document to investors. The company confirmed it remains fully compliant with its financial reporting and continuous disclosure obligations under the Corporations Act and stated that there is no excluded information requiring disclosure, providing assurance to shareholders and the market regarding the transparency and regulatory standing of the new share issue.
The most recent analyst rating on (AU:SKY) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.
More about Sky Metals Limited
Sky Metals Limited (ASX: SKY) is an Australian-listed resources company based in Orange, New South Wales. It is engaged in mineral exploration and development activities, targeting opportunities within Australia’s mining sector.
Average Trading Volume: 1,180,273
Technical Sentiment Signal: Buy
Current Market Cap: A$119.6M
Learn more about SKY stock on TipRanks’ Stock Analysis page.