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Australian Potash Limited ( (AU:APC) ) has issued an update.
APC Minerals Limited has secured firm commitments from sophisticated and professional investors for a top-up placement of 66 million new fully paid ordinary shares at $0.004 per share, raising $264,000 before costs. Priced at a significant discount to both the last closing price and the recent 15-day volume-weighted average price, the placement is conducted under the company’s existing ASX Listing Rule 7.1 capacity and managed by Yelverton Capital Pty Ltd, providing APC with additional financial flexibility to pursue new projects and support the retention and progression of its current portfolio.
The most recent analyst rating on (AU:APC) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Australian Potash Limited stock, see the AU:APC Stock Forecast page.
More about Australian Potash Limited
APC Minerals Limited is an Australian listed minerals company focused on exploring and advancing a portfolio of resource projects. The company operates in the mining and exploration sector and targets new project opportunities while seeking to retain and further develop its existing assets.
Average Trading Volume: 341,443
Technical Sentiment Signal: Sell
Current Market Cap: A$5.68M
For a thorough assessment of APC stock, go to TipRanks’ Stock Analysis page.