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Metalicity Limited ( (AU:ARI) ) has provided an update.
Arika Resources Limited, listed on the ASX under the code ARI, has announced a proposed placement of up to 58,823,529 new fully paid ordinary shares. The securities are expected to be issued on 7 April 2026, signalling a significant capital-raising move that may bolster the company’s funding capacity and potentially support future operational or growth initiatives, though specific use of proceeds was not disclosed in the filing.
The most recent analyst rating on (AU:ARI) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Metalicity Limited stock, see the AU:ARI Stock Forecast page.
More about Metalicity Limited
YTD Price Performance: -3.03%
Average Trading Volume: 2,652,994
Technical Sentiment Signal: Sell
Current Market Cap: A$35.76M
See more insights into ARI stock on TipRanks’ Stock Analysis page.