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Torque Metals Issues Over 54 Million Shares in Compliance with Corporations Act

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Torque Metals Issues Over 54 Million Shares in Compliance with Corporations Act

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Torque Metals Ltd. ( (AU:TOR) ) has issued an update.

Torque Metals Limited has issued 54,670,291 ordinary shares without disclosure to investors, in compliance with the Corporations Act 2001. This strategic move, authorized by the Board of Directors, reflects Torque’s adherence to regulatory standards, potentially impacting its market positioning and stakeholder confidence.

The most recent analyst rating on (AU:TOR) stock is a Hold with a A$0.29 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 operates in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker TOR.

Average Trading Volume: 2,103,319

Technical Sentiment Signal: Buy

Current Market Cap: A$165.1M

Find detailed analytics on TOR stock on TipRanks’ Stock Analysis page.

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