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Vulcan Steel Ltd. ( (AU:VSL) ) has issued an announcement.
Vulcan Steel Limited has requested a trading halt on its shares on both the ASX and NZX as it prepares to announce the outcome of an accelerated entitlement offer related to an equity capital raising. This move is intended to support an acquisition, and the halt will allow the company to complete the institutional component of the capital raising in an orderly manner, with trading expected to resume on 28 August 2025.
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 operates in the steel industry, focusing on the production and distribution of steel products. The company is based in New Zealand and is listed on both the ASX and NZX, indicating a market focus in Australasia.
Average Trading Volume: 71,461
Technical Sentiment Signal: Sell
Current Market Cap: A$861.9M
See more data about VSL stock on TipRanks’ Stock Analysis page.