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Ausgold Limited ( (AU:AUC) ) has issued an update.
Ausgold Limited has announced the issuance of 3,040,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code AUC. This move is part of the company’s strategy to leverage convertible securities, potentially enhancing its capital structure and providing additional resources for its ongoing exploration and development activities.
The most recent analyst rating on (AU:AUC) stock is a Buy with a A$2.05 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 projects in Australia, aiming to expand its resource base and enhance its market presence.
YTD Price Performance: 128.57%
Average Trading Volume: 1,032,379
Technical Sentiment Signal: Buy
Current Market Cap: A$410.5M
Find detailed analytics on AUC stock on TipRanks’ Stock Analysis page.