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Vulcan Steel Ltd. ( (AU:VSL) ) just unveiled an announcement.
Vulcan Steel Ltd. announced a decrease in the substantial holding of Partitio Trustee Limited, Wayne Robert Boyd, and Ann Lorraine Clarke, from 5.558% to 4.9879% due to the completion of a fully underwritten 1 for 9 pro rata accelerated renounceable entitlement offer (AREO). This issuance of 14,643,513 new shares resulted in the dilution of their shareholding percentage, impacting the company’s shareholder structure.
The most recent analyst rating on (AU:VSL) stock is a Hold with a A$5.50 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 Ltd. operates in the steel industry, focusing on the production and distribution of steel products. The company is listed on the New Zealand Exchange (NZX) under the ticker VSL, and it engages in activities related to steel manufacturing and supply.
Average Trading Volume: 47,835
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.04B
Find detailed analytics on VSL stock on TipRanks’ Stock Analysis page.