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The latest update is out from Askari Metals Limited ( (AU:AS2) ).
Askari Metals Limited has requested a trading halt on its securities pending an announcement related to a top-up capital raising following an oversubscribed Entitlement Offer. The capital raised will prioritize advancing exploration at the Nejo Copper and Gold Project in Ethiopia. This initiative, along with the sale of its Australian projects, positions Askari Metals to further its exploration and development strategy in Africa, particularly in Ethiopia and Namibia.
The most recent analyst rating on (AU:AS2) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Askari Metals Limited stock, see the AU:AS2 Stock Forecast page.
More about Askari Metals Limited
Askari Metals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary projects include the Nejo Copper and Gold Project in Ethiopia and other exploration initiatives in Namibia. The company has recently sold its Australian exploration project portfolio to Forrestania Resources Limited, emphasizing its strategic focus on African mineral exploration.
Average Trading Volume: 1,908,054
Technical Sentiment Signal: Sell
Current Market Cap: A$7.42M
See more data about AS2 stock on TipRanks’ Stock Analysis page.