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Argosy Minerals ( (AU:AGY) ) has shared an announcement.
Argosy Minerals Limited has issued 80 million fully paid ordinary shares at a price of $0.025 per share. This issuance was conducted without disclosure to investors under specific provisions of the Corporations Act, and the company has complied with relevant legislative requirements. The announcement indicates a strategic move to potentially enhance the company’s capital structure, which could impact its market positioning and stakeholder interests.
The most recent analyst rating on (AU:AGY) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Argosy Minerals stock, see the AU:AGY Stock Forecast page.
More about Argosy Minerals
Argosy Minerals Limited is a company operating in the mining industry, primarily focused on the production and development of mineral resources. The company is listed on the Australian Securities Exchange under the code AGY.
Average Trading Volume: 3,696,323
Technical Sentiment Signal: Sell
Current Market Cap: A$49.5M
For an in-depth examination of AGY stock, go to TipRanks’ Overview page.