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The latest update is out from Ausgold Limited ( (AU:AUC) ).
Ausgold Limited announced the issuance of 263,159 fully paid ordinary shares at $0.57 per share to sophisticated investors, enhancing its capital base. This move aligns with the company’s strategic goals and demonstrates compliance with relevant legal provisions, potentially strengthening its market position and investor confidence.
The most recent analyst rating on (AU:AUC) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Ausgold Limited stock, see the AU:AUC Stock Forecast page.
More about Ausgold Limited
Ausgold Limited operates in the mining industry, focusing on the exploration and development of gold resources in Australia. The company is committed to expanding its portfolio through strategic investments and partnerships.
Average Trading Volume: 922,447
Technical Sentiment Signal: Buy
Current Market Cap: A$317.8M
For a thorough assessment of AUC stock, go to TipRanks’ Stock Analysis page.