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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.