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Turaco Gold Ltd ( (AU:TCG) ) has shared an update.
Turaco Gold Limited has issued 1,900,000 ordinary shares following the exercise of unquoted performance rights as part of its Performance Rights Plan, which is aimed at eligible employees and contractors. This issuance was conducted without a disclosure to investors under Part 6D.2 of the Corporations Act, and the company has confirmed compliance with relevant provisions of the Corporations Act, indicating a strategic move to incentivize its workforce while maintaining regulatory compliance.
The most recent analyst rating on (AU:TCG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Turaco Gold Ltd stock, see the AU:TCG Stock Forecast page.
More about Turaco Gold Ltd
Turaco Gold Limited operates in the mining industry, focusing on gold exploration and development. The company is based in West Perth, Australia, and is listed on the Australian Securities Exchange under the ticker TCG.
Average Trading Volume: 1,599,888
Technical Sentiment Signal: Buy
Current Market Cap: A$509.4M
For an in-depth examination of TCG stock, go to TipRanks’ Overview page.