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Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs ( (AU:SX2) ) has issued an announcement.
Southern Cross Gold Consolidated Ltd has issued 175,000 new CHESS Depository Interests (CDIs) as a result of the conversion of broker options, each priced at A$0.87. This move, executed without disclosure to investors under certain sections of the Corporations Act, signifies the company’s compliance with relevant regulatory requirements and may impact its financial positioning by increasing its share capital.
The most recent analyst rating on (AU:SX2) stock is a Hold with a A$6.10 price target. To see the full list of analyst forecasts on Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs stock, see the AU:SX2 Stock Forecast page.
More about Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs
Southern Cross Gold Consolidated Ltd operates in the mining industry, focusing on the exploration and development of gold resources. The company is listed on the TSX Venture Exchange and the Australian Securities Exchange, indicating its market focus in both Canadian and Australian markets.
Average Trading Volume: 623,774
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.96B
Find detailed analytics on SX2 stock on TipRanks’ Stock Analysis page.