Sunstone Metals Issues Shares to Employees Under Performance Plan

Sunstone Metals Limited ( (AU:STM) ) has issued an announcement.

Sunstone Metals Limited has issued 12,000,000 fully paid ordinary shares to its employees following the vesting of performance rights under the Employee Performance Share Plan. The company confirms compliance with relevant provisions of the Corporations Act and assures that there is no undisclosed information that would affect investors’ assessments of its financial position or share rights.

The most recent analyst rating on (AU:STM) stock is a Buy with a A$0.04 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 company operating in the mining industry, primarily focused on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker STM.

YTD Price Performance: 110.0%

Average Trading Volume: 7,949,125

Technical Sentiment Signal: Hold

Current Market Cap: A$131.4M

See more data about STM stock on TipRanks’ Stock Analysis page.