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West Wits Mining Limited ( (AU:WWI) ) just unveiled an update.
West Wits Mining Limited has issued 25 million fully paid ordinary shares following the exercise of an equivalent number of unquoted performance rights, increasing its share capital without providing a prospectus or other disclosure document under the public offer provisions of the Corporations Act. The company has confirmed it remains compliant with its financial reporting and continuous disclosure obligations, has no excluded information that would require disclosure, and has lodged the required Appendix 2A with the ASX, signalling a routine capital management step that formalises performance-based equity previously granted to stakeholders.
The most recent analyst rating on (AU:WWI) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on West Wits Mining Limited stock, see the AU:WWI Stock Forecast page.
More about West Wits Mining Limited
West Wits Mining Limited is an Australia-listed resources company (ASX: WWI) operating in the mining sector. The company is involved in the exploration and development of mineral assets and is subject to Australian corporate and securities regulation, including continuous disclosure and financial reporting requirements under the Corporations Act.
Average Trading Volume: 13,831,314
Technical Sentiment Signal: Buy
Current Market Cap: A$343.6M
For an in-depth examination of WWI stock, go to TipRanks’ Overview page.