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An announcement from Vulcan Steel Ltd. ( (AU:VSL) ) is now available.
Vulcan Steel Ltd. has announced the issuance of 9,969,007 ordinary shares at A$5.95 per share, as part of an institutional component of a fully underwritten accelerated renounceable entitlement offer. This capital change represents 7.5646% of the total class of financial products, potentially impacting the company’s market positioning by increasing its capital base and providing additional resources for growth.
The most recent analyst rating on (AU:VSL) stock is a Hold with a A$7.00 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 known for its ordinary shares and operates in the Australian market.
Average Trading Volume: 69,953
Technical Sentiment Signal: Buy
Current Market Cap: A$921.2M
Learn more about VSL stock on TipRanks’ Stock Analysis page.