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Vulcan Steel Ltd. ( (AU:VSL) ) has issued an update.
Vulcan Steel Ltd. has announced the issuance of 4,674,506 ordinary shares at a price of A$5.95 per share, as part of a fully underwritten accelerated renounceable entitlement offer. This capital change, representing 3.2976% of the total class of financial products, is intended to strengthen the company’s financial position and support its strategic initiatives, potentially impacting its market positioning and stakeholder interests.
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.
Vulcan Steel Ltd. operates in the steel industry, focusing on the production and distribution of steel products. The company is known for its extensive range of steel solutions, catering to various market needs across different sectors.
Average Trading Volume: 47,835
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.04B
Find detailed analytics on VSL stock on TipRanks’ Stock Analysis page.