Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Torque Metals Ltd. ( (AU:TOR) ) has provided an update.
Torque Metals Ltd., an ASX-listed resources company trading under the code TOR, has issued and applied for quotation of new ordinary fully paid shares. The company continues to access equity markets as part of its broader capital management and funding strategy.
The company has lodged an application with the ASX for quotation of 1,460,889 ordinary fully paid shares. These securities, issued on March 11, 2026, arise from the exercise or conversion of existing options or other convertible instruments, modestly increasing Torque Metals’ free float and tradable share base.
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 company listed on the ASX under the code TOR. It operates in the resources sector, with its primary business being the issuance and trading of ordinary fully paid shares on the Australian Securities Exchange for capital market activities.
Average Trading Volume: 1,552,644
Technical Sentiment Signal: Buy
Current Market Cap: A$220.7M
For a thorough assessment of TOR stock, go to TipRanks’ Stock Analysis page.