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Horizon Minerals Ltd ( (AU:HRZ) ) has shared an update.
Horizon Minerals Ltd has announced a proposed consolidation of its capital on a 15-for-1 basis, pending shareholder approval at the upcoming Annual General Meeting. This move aims to reduce the number of shares to below one billion, creating a more effective capital structure and potentially attracting a broader range of investors. The consolidation will not materially affect individual shareholder percentages, and all options and performance rights will be adjusted accordingly.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
More about Horizon Minerals Ltd
Horizon Minerals Ltd is a company operating in the mining industry, primarily focused on mineral exploration and development. The company is listed on the Australian Securities Exchange under the ticker HRZ.
YTD Price Performance: 75.00%
Average Trading Volume: 8,806,663
Technical Sentiment Signal: Buy
Current Market Cap: A$209.6M
For detailed information about HRZ stock, go to TipRanks’ Stock Analysis page.