ASX:EQRMetals and Mining
EQ Resources (ASX:EQR) Valuation After A$34 Million Follow On Equity Offering
EQ Resources (ASX:EQR) has completed a A$34 million follow on equity offering at A$0.05 per share, adding 680,000,000 new ordinary shares. This move directly affects valuation and ownership dilution.
See our latest analysis for EQ Resources.
The follow on equity offering comes after a period of very strong momentum, with a 30 day share price return of 31.25% and a 90 day share price return of 288.89%. The 1 year total shareholder return is also very large, suggesting sentiment has been...