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Vulcan Steel Ltd. ( (AU:VSL) ) has issued an announcement.
Vulcan Steel Limited has announced a fully underwritten pro rata accelerated renounceable entitlement offer to raise approximately A$87.1 million. This offer, which includes both retail and institutional components, aims to strengthen the company’s financial position without materially affecting its control structure, as the issuance of new shares is not expected to significantly alter existing shareholdings.
The most recent analyst rating on (AU:VSL) stock is a Hold with a A$6.50 price target. To see the full list of analyst forecasts on Vulcan Steel Ltd. stock, see the AU:VSL Stock Forecast page.
More about Vulcan Steel Ltd.
Vulcan Steel Limited is a company operating in the steel industry, primarily engaged in the production and distribution of steel products. The company focuses on serving markets in Australia, New Zealand, and other international regions, providing steel solutions to a broad range of industries.
Average Trading Volume: 71,461
Technical Sentiment Signal: Sell
Current Market Cap: A$861.9M
For a thorough assessment of VSL stock, go to TipRanks’ Stock Analysis page.