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Sky Metals Limited ( (AU:SKY) ) has shared an update.
Sky Metals Limited has notified the market that 7,850,000 performance rights (ASX code SKYAO) expiring on 12 January 2026 have lapsed without being exercised or converted. The cessation of these securities, disclosed via an Appendix 3H filing, results in a reduction of the company’s outstanding performance rights, slightly simplifying its capital structure and potentially trimming future dilution for existing shareholders.
The most recent analyst rating on (AU:SKY) stock is a Hold with a A$0.11 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 is an Australian-listed resources company (ASX: SKY). While this notice does not detail its operations, Sky Metals is part of the mining and exploration sector and its capital structure includes performance-based equity instruments such as performance rights.
Average Trading Volume: 864,584
Technical Sentiment Signal: Buy
Current Market Cap: A$103.1M
For an in-depth examination of SKY stock, go to TipRanks’ Overview page.