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Audalia Resources Limited ( (AU:ACP) ) has provided an announcement.
Audalia Resources Limited announced a capital raising initiative, intending to raise $540,000 through the placement of 20 million fully paid ordinary shares to a sophisticated investor. The funds will be used to advance the Medcalf Project by progressing mining design, securing necessary permits, and supporting general working capital, indicating a strategic move to enhance project development and operational capacity.
The most recent analyst rating on (AU:ACP) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Audalia Resources Limited stock, see the AU:ACP Stock Forecast page.
More about Audalia Resources Limited
Audalia Resources Limited operates in the mining industry, focusing on developing mining projects. The company is primarily involved in the exploration and development of mineral resources, with a particular focus on the Medcalf Project.
Average Trading Volume: 42,043
Technical Sentiment Signal: Sell
Current Market Cap: A$18.68M
For detailed information about ACP stock, go to TipRanks’ Stock Analysis page.