Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Taiton Resources Limited ( (AU:T88) ).
Taiton Resources Limited has issued 3,380,000 fully paid ordinary shares to sophisticated and professional investors as part of a shareholder-approved placement, with a further 11,680,000 shares under Tranche 2 and associated options to be issued in due course. The company confirmed the shares were issued without a prospectus under Section 708A of the Corporations Act, stated it is compliant with its continuous disclosure and financial reporting obligations, and lodged an application with the ASX for quotation of the additional securities, reinforcing its adherence to regulatory requirements while progressing its capital-raising program.
The most recent analyst rating on (AU:T88) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Taiton Resources Limited stock, see the AU:T88 Stock Forecast page.
More about Taiton Resources Limited
Taiton Resources Limited is an Australian-listed company in the resources sector whose ordinary shares trade on the Australian Securities Exchange (ASX). The company raises capital through placements of fully paid ordinary shares to sophisticated and professional investors under Australian Corporations Act provisions.
Average Trading Volume: 28,968
Technical Sentiment Signal: Buy
Current Market Cap: A$11.08M
For a thorough assessment of T88 stock, go to TipRanks’ Stock Analysis page.