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An announcement from Torque Metals Ltd. ( (AU:TOR) ) is now available.
Torque Metals Limited has issued 11,111,112 new ordinary shares, as detailed in its latest filing with the ASX, expanding its share capital base. The company advised that the shares were issued without a prospectus under the relevant provisions of the Corporations Act and confirmed its ongoing compliance with key corporate reporting and continuous disclosure obligations, signalling regulatory transparency for existing and potential shareholders.
In a cleansing notice to the market, Torque stated that there is no excluded information that would need to be disclosed in connection with the new share issue. This assurance is designed to facilitate secondary trading of the newly issued shares and underpins market confidence in the company’s adherence to corporate governance and disclosure standards.
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 focused on exploring and developing mineral assets, with its shares traded on the ASX under the code TOR. Operating from West Perth, Western Australia, the company participates in the minerals sector, seeking to grow its portfolio and investor base through equity issuance and project advancement.
Average Trading Volume: 3,161,430
Technical Sentiment Signal: Buy
Current Market Cap: A$291.6M
See more data about TOR stock on TipRanks’ Stock Analysis page.