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Manhattan Corporation ( (AU:MHC) ) has issued an update.
Manhattan Corporation Ltd has secured $2.2 million through a placement to sophisticated and professional investors, including a $1 million cornerstone commitment from Viaticus Capital and Astrotricha Capital. The funds will be used to advance the Hook Lake Project through aeromagnetic surveys and groundwork, enhancing the company’s exploration capabilities and potentially strengthening its market position.
More about Manhattan Corporation
Manhattan Corporation Ltd operates in the mining industry, focusing on exploration and development projects. The company is engaged in advancing its primary project, the Hook Lake Project, with a focus on field reconnaissance, mapping, sampling, and geophysical surveys.
YTD Price Performance: 26.32%
Average Trading Volume: 1,548,006
Technical Sentiment Signal: Sell
Current Market Cap: A$10.7M
See more insights into MHC stock on TipRanks’ Stock Analysis page.