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Tambourah Metals Ltd ( (AU:TMB) ) has shared an announcement.
Tambourah Metals Ltd has notified the ASX that it has issued 6,864 fully paid ordinary shares without a prospectus, relying on provisions under section 708A of the Corporations Act that allow share issues without formal disclosure. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations and stated there is no excluded information that must be disclosed to the market, signalling that the small share issuance is being undertaken within existing regulatory and governance frameworks and without undisclosed material developments for shareholders.
The most recent analyst rating on (AU:TMB) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Tambourah Metals Ltd stock, see the AU:TMB Stock Forecast page.
More about Tambourah Metals Ltd
Tambourah Metals Ltd is an Australian resources company listed on the ASX, focused on mineral exploration and development. Operating out of West Perth, Western Australia, it targets metals projects that contribute to the broader mining and resources sector, servicing investors seeking exposure to exploration-stage opportunities.
Average Trading Volume: 3,458,644
Technical Sentiment Signal: Sell
Current Market Cap: A$12.83M
Find detailed analytics on TMB stock on TipRanks’ Stock Analysis page.