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Vulcan Steel Ltd. ( (AU:VSL) ) has provided an update.
Vulcan Steel Limited has successfully completed the institutional component of its entitlement offer, raising approximately A$59.4 million through the issuance of 10 million new shares. The offer was well-received by institutional shareholders, with a significant portion of entitlements taken up, allowing the entry of new investors. The retail component of the offer will open soon, providing retail shareholders in Australia and New Zealand the opportunity to participate under the same terms. The new shares will be traded on the ASX and NZX and will be entitled to future dividends.
The most recent analyst rating on (AU:VSL) stock is a Hold with a A$6.00 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 operates in the steel industry, focusing on the production and distribution of steel products. The company is listed on both the Australian Securities Exchange (ASX) and the New Zealand Exchange (NZX).
Average Trading Volume: 70,822
Technical Sentiment Signal: Hold
Current Market Cap: A$869.8M
For detailed information about VSL stock, go to TipRanks’ Stock Analysis page.