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Sunstone Metals Limited ( (AU:STM) ) has shared an update.
Sunstone Metals Limited has called a general meeting of shareholders for 23 February 2026 in Melbourne to seek approval for several capital management resolutions, including the ratification of a prior share placement and director participation in that placement. The company is asking shareholders to ratify the prior issue of 416,842,106 shares at $0.019 per share and to approve additional share issues at the same price to three directors, alongside a proposed 30-for-1 consolidation of shares, options and performance rights, a move that would significantly restructure the capital base and may improve the company’s share structure and marketability.
The most recent analyst rating on (AU:STM) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Sunstone Metals Limited stock, see the AU:STM Stock Forecast page.
More about Sunstone Metals Limited
Sunstone Metals Limited is an Australian-listed resources company engaged in mineral exploration and development. The company operates within the metals and mining sector, with a focus on advancing its portfolio of projects to create value for shareholders through capital markets funding and corporate actions.
Average Trading Volume: 13,656,612
Technical Sentiment Signal: Buy
Current Market Cap: A$149.4M
Find detailed analytics on STM stock on TipRanks’ Stock Analysis page.