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The latest announcement is out from Torque Metals Ltd. ( (AU:TOR) ).
Torque Metals Limited has issued 6,922,867 new ordinary shares, as detailed in an Appendix 2A lodged with the ASX, expanding its share capital base. The company advises that the shares were issued without a prospectus under the Corporations Act exemption, confirms ongoing compliance with financial reporting and continuous disclosure obligations, and states there is no excluded information, providing assurance to investors regarding transparency and regulatory adherence.
The most recent analyst rating on (AU:TOR) stock is a Buy with a A$0.55 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 within the mining and exploration sector, though this announcement focuses on its capital markets activities rather than specific projects or commodities.
Average Trading Volume: 3,302,868
Technical Sentiment Signal: Buy
Current Market Cap: A$330.7M
For a thorough assessment of TOR stock, go to TipRanks’ Stock Analysis page.