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Titan Minerals Seeks ASX Quotation for Additional Ordinary Shares

Story Highlights
  • Titan Minerals has applied to quote 615,898 new fully paid ordinary shares on the ASX.
  • The additional shares stem from exercised convertibles, slightly diluting holders while bolstering equity capital.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Titan Minerals Seeks ASX Quotation for Additional Ordinary Shares

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Titan Minerals Ltd ( (AU:TTM) ) just unveiled an announcement.

Titan Minerals Limited has applied to the ASX for quotation of an additional 615,898 fully paid ordinary shares, to be traded under its existing ticker TTM. The new securities arise from the exercise or conversion of existing options or other convertible securities, modestly increasing the company’s listed share capital and marginally diluting existing shareholders while potentially strengthening its equity base.

The most recent analyst rating on (AU:TTM) stock is a Hold with a A$0.88 price target. To see the full list of analyst forecasts on Titan Minerals Ltd stock, see the AU:TTM Stock Forecast page.

More about Titan Minerals Ltd

Average Trading Volume: 1,324,414

Technical Sentiment Signal: Hold

Current Market Cap: A$255M

See more insights into TTM stock on TipRanks’ Stock Analysis page.

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