Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tasmea Ltd. ( (AU:TEA) ) has shared an update.
Tasmea Limited has issued 10 million fully paid ordinary shares at A$4.30 each to institutional and professional investors, as part of a placement announced earlier. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, ensuring the shares are eligible for secondary trading without further disclosure. The company confirms compliance with relevant provisions and that no information has been excluded from continuous disclosure notices, ensuring transparency for investors.
The most recent analyst rating on (AU:TEA) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on Tasmea Ltd. stock, see the AU:TEA Stock Forecast page.
More about Tasmea Ltd.
Tasmea Limited operates 25 inter-dependent Australian businesses specializing in essential shutdown, programmed maintenance, emergency breakdown, and brownfield upgrade services for fixed plant. The company serves a blue-chip customer base in six industry sectors: mining and resources, oil and gas, defence, infrastructure and facilities, power and renewable energy, telecommunications and retail, waste and water.
Average Trading Volume: 393,228
Technical Sentiment Signal: Buy
Current Market Cap: A$1.08B
See more insights into TEA stock on TipRanks’ Stock Analysis page.