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Ausgold Limited ( (AU:AUC) ) has shared an announcement.
Ausgold Limited has requested a trading halt on its securities pending an announcement regarding a capital raising initiative. This strategic move is intended to provide the company with the necessary time to prepare and release detailed information about the capital raising, which could have significant implications for its financial strategy and stakeholder interests.
The most recent analyst rating on (AU:AUC) stock is a Buy with a A$1.60 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. The company is primarily engaged in identifying and developing gold mining projects in Australia, aiming to enhance its market position within the precious metals sector.
YTD Price Performance: 51.19%
Average Trading Volume: 836,461
Technical Sentiment Signal: Buy
Current Market Cap: A$227M
Learn more about AUC stock on TipRanks’ Stock Analysis page.