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The latest announcement is out from Vulcan Steel Ltd. ( (AU:VSL) ).
Vulcan Steel Limited has issued 101,055 fully paid ordinary shares following the exercise of unlisted performance share rights from its long-term incentive plan for the financial year ending June 2023. This move, compliant with the Corporations Act 2001, reflects Vulcan’s ongoing commitment to enhancing shareholder value and maintaining transparency in its operations, potentially impacting its market positioning and stakeholder confidence positively.
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.
Founded in 1995, Vulcan Steel Limited is an Australasian industrial product distributor and value-added processor, operating 66 logistics and processing facilities. The company employs approximately 1,350 people across its Steel and Metals divisions.
Average Trading Volume: 46,380
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.05B
For a thorough assessment of VSL stock, go to TipRanks’ Stock Analysis page.