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Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs ( (AU:SX2) ) has provided an update.
Southern Cross Gold Consolidated Ltd has issued 400,000 new CHESS Depository Interests, representing a beneficial interest in the same number of fully paid common shares, as part of a conversion of broker options at an issue price of A$0.87 per CDI. This move, executed without disclosure to investors under specific sections of the Corporations Act, signifies the company’s compliance with relevant regulations and demonstrates its strategic financial maneuvers to enhance market participation and shareholder value.
The most recent analyst rating on (AU:SX2) stock is a Hold with a A$6.20 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 is a company operating in the mining industry, focusing on the exploration and development of gold resources. The company is listed on the TSX and ASX under the codes SXGC and SX2, respectively, and is involved in the issuance of CHESS Depository Interests to facilitate investment in its shares.
Average Trading Volume: 516,622
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.4B
See more data about SX2 stock on TipRanks’ Stock Analysis page.