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An announcement from Torque Metals Ltd. ( (AU:TOR) ) is now available.
Torque Metals has issued 1,474,409 new ordinary shares, as detailed in a filing with the ASX, and has confirmed that these shares were issued without a prospectus under the disclosure exemptions of the Corporations Act. The company also advised that it is up to date with its financial reporting and continuous disclosure obligations and that there is no excluded information, signalling regulatory compliance around this capital issuance for existing and prospective shareholders.
The most recent analyst rating on (AU:TOR) stock is a Hold with a A$0.47 price target. To see the full list of analyst forecasts on Torque Metals Ltd. stock, see the AU:TOR Stock Forecast page.
More about Torque Metals Ltd.
Torque Metals Limited is an Australian-listed resources company trading on the ASX under the ticker TOR. The company operates in the metals and mining sector, focusing on exploration and development activities aimed at discovering and advancing mineral assets.
Average Trading Volume: 2,444,582
Technical Sentiment Signal: Buy
Current Market Cap: A$275.1M
For an in-depth examination of TOR stock, go to TipRanks’ Overview page.