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Boab Metals Ltd ( (AU:BML) ) has provided an update.
Boab Metals Ltd has successfully issued 12,515,441 fully paid ordinary shares at $0.40 each, raising over $5 million from professional and institutional investors. This move, under the company’s 15% placement capacity, is part of a broader capital raising strategy, with a second tranche planned pending shareholder approval, potentially strengthening its financial position and market presence.
The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
More about Boab Metals Ltd
Boab Metals Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company primarily engages in the production and sale of metals, targeting professional, sophisticated, and institutional investors.
Average Trading Volume: 1,913,098
Technical Sentiment Signal: Buy
Current Market Cap: A$118.7M
Find detailed analytics on BML stock on TipRanks’ Stock Analysis page.