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The latest update is out from Rox Resources Limited ( (AU:RXL) ).
Rox Resources Limited has announced the issuance of 400,000 fully paid ordinary shares, which will be quoted on the Australian Securities Exchange (ASX) under the code RXL. This move signifies the company’s strategic efforts to enhance its capital structure and potentially expand its operational capabilities, which could have implications for its market positioning and stakeholder interests.
The most recent analyst rating on (AU:RXL) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Rox Resources Limited stock, see the AU:RXL Stock Forecast page.
More about Rox Resources Limited
Rox Resources Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company primarily deals with the extraction and production of metals, positioning itself in the market as a key player in the resource sector.
Average Trading Volume: 1,734,848
Current Market Cap: A$313.9M
For a thorough assessment of RXL stock, go to TipRanks’ Stock Analysis page.