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The latest update is out from Metalicity Limited ( (AU:ARI) ).
Arika Resources Limited has issued a significant number of fully paid ordinary shares, totaling over 217 million, to investors at varying prices. This strategic move is part of their reliance on section 708A of the Corporations Act 2001, allowing them to issue shares without disclosure. The company is also in discussions to acquire full ownership of certain joint venture interests from Nex Metals Explorations Limited, although these discussions are still in preliminary stages and subject to various approvals.
More about Metalicity Limited
Average Trading Volume: 2,563,760
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$28.78M
See more insights into ARI stock on TipRanks’ Stock Analysis page.