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Arrow Minerals Limited ( (AU:AMD) ) just unveiled an update.
Arrow Minerals Limited announced the issuance of 3,531,580 ordinary shares at $0.038 each, raising $134,200 as part of their ongoing capital raising efforts. This financial move aims to bolster the company’s resources as it advances its mining projects in Guinea, potentially enhancing its market position and benefiting stakeholders by leveraging improved infrastructure access.
More about Arrow Minerals Limited
Arrow Minerals Limited is focused on creating value for shareholders through the discovery and development of mineral deposits into producing mines. The company currently has two projects in Guinea, West Africa: the Simandou North Iron Project and the Niagara Bauxite Project, both located near the Trans-Guinean Railway, offering significant logistical advantages.
YTD Price Performance: 2.78%
Average Trading Volume: 2,812,735
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$30.24M
See more data about AMD stock on TipRanks’ Stock Analysis page.