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The latest update is out from 29metals Ltd. ( (AU:29M) ).
29Metals Limited has requested and been granted a trading halt on its ordinary shares on the ASX as it prepares to announce details of a proposed equity capital raising via an accelerated non-renounceable pro rata entitlement offer. The halt will remain in place until either the company releases the outcome of the institutional component of the entitlement offer or trading resumes on 22 January 2026, signalling that 29Metals is seeking to bolster its capital position and that existing shareholders may face dilution but gain the opportunity to participate in the raising.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.67 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
More about 29metals Ltd.
29Metals Limited is an Australian-listed resources company (ASX: 29M) operating in the metals and mining sector, with its head office in Melbourne, Victoria. The company is focused on the exploration, development and production of base and precious metals, positioning it as a participant in the broader commodities and mining investment market.
Average Trading Volume: 3,664,556
Technical Sentiment Signal: Buy
Current Market Cap: A$830.3M
Find detailed analytics on 29M stock on TipRanks’ Stock Analysis page.