Bathurst Resources Ltd ( (AU:BRL) ) just unveiled an announcement.
Bathurst Resources Ltd has issued over 46 million fully paid ordinary shares at A$0.74 each to institutional investors, as part of a placement announced earlier. Additionally, the company plans to raise approximately A$3 million through a Share Purchase Plan at the same issue price, offering shares to eligible shareholders. This move is aimed at strengthening the company’s financial position and enhancing its market presence.
More about Bathurst Resources Ltd
Bathurst Resources Ltd is a company involved in the mining industry, focusing primarily on the extraction and production of coal. The company caters to institutional, sophisticated, and professional investors, with a market focus on expanding its shareholder base and increasing capital through strategic share placements.
YTD Price Performance: 3.62%
Average Trading Volume: 382
Technical Sentiment Signal: Buy
Current Market Cap: $96.59M
For a thorough assessment of BRL stock, go to TipRanks’ Stock Analysis page.