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Vulcan Steel Ltd. ( (AU:VSL) ) has issued an announcement.
Vulcan Steel Limited has successfully extended the relaxation of its banking covenant thresholds until June 2026, ensuring strong liquidity and no debt maturities until the financial year ending June 2027. This strategic move, amid uncertain economic conditions, provides Vulcan with the financial flexibility to meet increasing customer demand in Australia and New Zealand, while continuing to invest in customer-facing initiatives.
The most recent analyst rating on (AU:VSL) stock is a Hold with a A$7.20 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, founded in 1995, is an industrial product distributor and value-added processor operating across Australasia. The company has 66 logistics and processing facilities and employs approximately 1,300 people in its Steel and Metals divisions.
Average Trading Volume: 71,659
Technical Sentiment Signal: Sell
Current Market Cap: A$693.2M
See more insights into VSL stock on TipRanks’ Stock Analysis page.