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The latest announcement is out from Capricorn Metals Ltd ( (AU:CMM) ).
Capricorn Metals Ltd has applied for quotation of 34,170 new fully paid ordinary shares on the ASX, issued as payment for environmental consulting services at its Mt Gibson Gold Project. The share-based fee underscores the company’s continued advancement of Mt Gibson and its willingness to use equity to settle specialist project-related costs, modestly diluting existing holders while supporting ongoing environmental compliance and project development.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$10.00 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
More about Capricorn Metals Ltd
Capricorn Metals Ltd is an Australian gold mining company focused on developing and operating gold projects, including the Mt Gibson Gold Project. The company is listed on the ASX under the code CMM and typically funds project-related services through a mix of cash and equity-based consideration.
Average Trading Volume: 1,928,496
Technical Sentiment Signal: Hold
Current Market Cap: A$4.44B
For detailed information about CMM stock, go to TipRanks’ Stock Analysis page.