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Torque Metals Ltd. ( (AU:TOR) ) has provided an update.
Torque Metals Ltd. announced the issuance of 12,847,373 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its capital structure and support its ongoing exploration and development activities, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (AU:TOR) stock is a Hold with a A$0.50 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. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of precious and base metals, aiming to expand its market presence through strategic resource development.
Average Trading Volume: 1,897,696
Technical Sentiment Signal: Buy
Current Market Cap: A$163.2M
Find detailed analytics on TOR stock on TipRanks’ Stock Analysis page.