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AIC Mines Limited ( (AU:A1M) ) has issued an announcement.
AIC Mines Limited has issued over 40 million new fully paid ordinary shares at $0.30 each to institutional and sophisticated investors, marking the second tranche of a $55 million placement. This strategic move is expected to strengthen the company’s financial position and enhance its capacity to pursue growth opportunities in the mining sector.
The most recent analyst rating on (AU:A1M) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on AIC Mines Limited stock, see the AU:A1M Stock Forecast page.
More about AIC Mines Limited
AIC Mines Limited operates in the mining industry, focusing on the exploration and production of mineral resources. The company is involved in developing mining projects and providing related services, targeting institutional and sophisticated investors in the market.
Average Trading Volume: 1,849,806
Technical Sentiment Signal: Sell
Current Market Cap: A$252.4M
Learn more about A1M stock on TipRanks’ Stock Analysis page.