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The latest announcement is out from South Harz Potash Ltd ( (AU:SHP) ).
South Harz Potash Limited has issued 533,334 fully paid ordinary shares and has notified the ASX that these were issued without a disclosure document under the relevant provisions of the Corporations Act. The company confirmed it is in compliance with its financial reporting and continuous disclosure obligations and that there is no excluded information that would need to be disclosed in connection with this share issue, signalling that the additional capital has been raised within the standard regulatory framework and without any undisclosed material developments.
The most recent analyst rating on (AU:SHP) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on South Harz Potash Ltd stock, see the AU:SHP Stock Forecast page.
More about South Harz Potash Ltd
South Harz Potash Limited is an ASX-listed resources company focused on potash, a key mineral used primarily in fertilisers for the agriculture industry. The company is based in Western Australia and its securities are also quoted on several European exchanges, reflecting an investor base spread across both Australian and European markets.
Average Trading Volume: 239,435
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.35M
For a thorough assessment of SHP stock, go to TipRanks’ Stock Analysis page.