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An update from Torque Metals Ltd. ( (AU:TOR) ) is now available.
Torque Metals Limited has successfully raised $15 million through a placement cornerstoned by leading global precious metals and natural resource funds, priced at $0.30 per share. This funding will enable the company to accelerate its exploration and drilling activities at the Paris Gold Project, a largely unexplored gold system with significant potential. The capital will support aggressive drilling campaigns and feasibility work, positioning Torque to enhance its resource base and pursue value-accretive activities, thereby strengthening its market position and offering development optionality.
The most recent analyst rating on (AU:TOR) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Torque Metals Ltd. stock, see the AU:TOR Stock Forecast page.
More about Torque Metals Ltd.
Torque Metals Limited is a company operating in the precious metals and natural resources industry, focusing primarily on gold exploration and development. The company is dedicated to advancing its flagship Paris Gold Project, which is situated in a world-class gold district and holds significant potential for high-grade gold resources.
Average Trading Volume: 2,086,413
Technical Sentiment Signal: Buy
Current Market Cap: A$167.8M
For an in-depth examination of TOR stock, go to TipRanks’ Overview page.