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Sky Metals Limited ( (AU:SKY) ) just unveiled an announcement.
Sky Metals Limited has applied for quotation of 8.2 million new fully paid ordinary shares on the ASX, expanding its listed securities on the exchange. The issuance, arising from the exercise or conversion of existing options or other convertible securities, modestly increases the company’s share base and could provide additional capital flexibility, with implications for existing shareholders through dilution and for the company’s capacity to fund ongoing activities.
The most recent analyst rating on (AU:SKY) stock is a Hold with a A$0.18 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
Average Trading Volume: 1,653,053
Technical Sentiment Signal: Buy
Current Market Cap: A$144.7M
Find detailed analytics on SKY stock on TipRanks’ Stock Analysis page.