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Tesoro Gold ( (AU:TSO) ) has provided an announcement.
Tesoro Gold Limited has announced a proposed consolidation of its capital on a 15-for-1 basis, pending shareholder approval at an upcoming meeting. This move aims to streamline the company’s capital structure, making it more comparable to its peers and potentially more attractive to investors, by reducing the number of shares and adjusting the exercise price of options accordingly.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
More about Tesoro Gold
Tesoro Gold Limited operates in the mining industry, focusing on gold exploration and development. The company is listed on multiple stock exchanges, including ASX, OTCQB, and FSE, and aims to enhance its market appeal through strategic financial restructuring.
Average Trading Volume: 7,289,240
Technical Sentiment Signal: Buy
Current Market Cap: A$158.7M
For an in-depth examination of TSO stock, go to TipRanks’ Overview page.