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Torque Metals Ltd. ( (AU:TOR) ) has shared an announcement.
Torque Metals Limited has issued 3,519,246 new ordinary shares, as detailed in an Appendix 2A lodged with the ASX, expanding its share capital base. The company states that these shares were issued without a prospectus under the Corporations Act provisions that allow certain placements without formal disclosure.
Torque confirms it is in full compliance with its financial reporting and continuous disclosure obligations under the Corporations Act and that there is no excluded information that would need to be disclosed to the market. The cleansing notice aims to ensure the newly issued shares can be freely tradable, providing transparency and regulatory assurance to investors about the company’s compliance status.
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 metals exploration and development. The company is traded on the ASX under the ticker TOR and operates under the Australian corporate reporting and continuous disclosure framework.
Average Trading Volume: 3,190,949
Technical Sentiment Signal: Buy
Current Market Cap: A$271.6M
See more insights into TOR stock on TipRanks’ Stock Analysis page.