Eastern Resources Plans Share Consolidation
Company Announcements

Eastern Resources Plans Share Consolidation

Eastern Resources Limited (AU:EFE) has released an update.

Eastern Resources Limited is planning a share consolidation, converting every ten shares into one, to streamline its capital structure and make its stock more attractive to investors. This move aims to reduce the number of shares to below one billion while maintaining shareholders’ proportional ownership. The company recommends shareholders approve this proposal at the upcoming Annual General Meeting.

For further insights into AU:EFE stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskEastern Resources Reports Quarterly Cash Flow Decline
TipRanks Australian Auto-Generated NewsdeskEastern Resources Advances Lithium and Iron Projects
TipRanks Australian Auto-Generated NewsdeskEastern Resources Limited Announces Security Consolidation
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App