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An announcement from Boab Metals Ltd ( (AU:BML) ) is now available.
Boab Metals Limited has successfully raised approximately $44.99 million through the issuance of 112,484,559 fully paid ordinary shares to professional, sophisticated, and institutional investors at $0.40 per share. This capital raising, approved at the company’s recent AGM, strengthens Boab Metals’ financial position and supports its strategic initiatives, potentially enhancing its market presence and operational capabilities.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.51 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 Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily engages in the production of metals and has a market focus on professional, sophisticated, and institutional investors.
Average Trading Volume: 2,471,875
Technical Sentiment Signal: Buy
Current Market Cap: A$143M
For detailed information about BML stock, go to TipRanks’ Stock Analysis page.