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Torque Metals Ltd. ( (AU:TOR) ) has issued an announcement.
Torque Metals has issued 1,460,889 new ordinary shares, as detailed in a filing with the ASX, expanding its share capital base. The company confirmed the shares were issued without a prospectus under relevant Corporations Act provisions, while affirming ongoing compliance with financial reporting and continuous disclosure obligations and stating there is no excluded information.
The cleansing notice assures investors that Torque remains up to date with statutory requirements under Chapter 2M and sections 674 and 674A of the Corporations Act. This step helps maintain the tradability of the new securities on the secondary market and supports transparency for existing and prospective shareholders regarding the company’s regulatory standing.
The most recent analyst rating on (AU:TOR) stock is a Hold with a A$0.37 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 resources company focused on the exploration and development of mineral assets. The company’s ordinary shares trade on the ASX under the ticker TOR, providing investors exposure to the metals and mining sector.
Average Trading Volume: 1,552,644
Technical Sentiment Signal: Buy
Current Market Cap: A$220.7M
Learn more about TOR stock on TipRanks’ Stock Analysis page.