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Tungsten Mining NL ( (AU:TGN) ) just unveiled an update.
Tungsten Mining NL has notified the market of the issue of 25.4 million unquoted performance rights under its employee incentive scheme, with the new securities not intended to be quoted on the ASX. The substantial grant of performance rights is designed to align staff and executive incentives with shareholder value creation and may have implications for future dilution, while supporting the company’s efforts to retain and motivate key personnel in a competitive resources sector.
The most recent analyst rating on (AU:TGN) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Tungsten Mining NL stock, see the AU:TGN Stock Forecast page.
More about Tungsten Mining NL
Tungsten Mining NL is an Australian-listed resources company focused on the exploration and development of tungsten and related mineral projects, supplying strategic minerals used in hard metals, industrial applications and advanced technologies.
Average Trading Volume: 1,657,522
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$201.1M
For a thorough assessment of TGN stock, go to TipRanks’ Stock Analysis page.