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Torque Metals Ltd. ( (AU:TOR) ) has issued an announcement.
Torque Metals Ltd. has notified the market of the issue of 2,830,000 new unquoted options exercisable at $0.30 and expiring on 8 April 2029, under its employee incentive scheme. The move reinforces the company’s use of long-term equity incentives to align staff interests with shareholders and may lead to future dilution if the options are exercised, while not immediately affecting the company’s quoted capital on the ASX.
The most recent analyst rating on (AU:TOR) stock is a Hold with a A$0.45 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 Ltd. is an Australian-listed company operating in the resources sector, with its shares traded on the ASX under the code TOR. The company utilises equity-based incentives as part of its capital management and employee remuneration strategy, issuing unquoted securities that are not intended to be listed on the exchange.
Average Trading Volume: 2,892,288
Technical Sentiment Signal: Buy
Current Market Cap: A$257.8M
See more data about TOR stock on TipRanks’ Stock Analysis page.