VRX Silica Ltd. ( (AU:VRX) ) has issued an announcement.
VRX Silica Ltd. announced the issuance of 3,571,428 fully paid ordinary shares at $0.042 per share, raising approximately $150,000. This move, approved by shareholders, was executed without disclosure under Part 6D.2 of the Corporations Act 2001, and the company has complied with relevant legal provisions, indicating a strategic financial maneuver to potentially strengthen its market position.
More about VRX Silica Ltd.
VRX Silica Ltd. operates in the silica industry, focusing on the production and supply of silica sand, a key component in various industrial applications.
YTD Price Performance: 25.00%
Average Trading Volume: 932,575
Technical Sentiment Signal: Buy
Current Market Cap: A$37.19M
For an in-depth examination of VRX stock, go to TipRanks’ Stock Analysis page.