tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Alkane Resources Begins Trading on TSX Post-Merger

Story Highlights
Alkane Resources Begins Trading on TSX Post-Merger

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Alkane Resources Ltd ( (AU:ALK) ) has provided an announcement.

Alkane Resources Ltd has commenced trading on the Toronto Stock Exchange following its merger with Mandalay Resources Corporation. This strategic move enhances Alkane’s market presence and positions it for growth by expanding its operational footprint and investor base, particularly in North America.

The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.04 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.

More about Alkane Resources Ltd

Alkane Resources Ltd is an Australia-based company engaged in gold and antimony production, operating three mines across Australia and Sweden. The company’s assets include the Tomingley gold mine in New South Wales, the Costerfield gold and antimony mine in Victoria, and the Björkdal gold mine in Sweden. Alkane also owns the Boda-Kaiser gold-copper project in New South Wales and is actively exploring the Northern Molong Porphyry Project.

Average Trading Volume: 2,021,354

Technical Sentiment Signal: Buy

Current Market Cap: A$1B

For a thorough assessment of ALK stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1