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Centaurus Metals Limited ( (AU:CTM) ) just unveiled an update.
Centaurus Metals Limited has amended the timetable for its Share Purchase Plan (SPP), which aims to raise an additional $3 million. The SPP allows eligible shareholders in Australia and New Zealand to purchase shares at $0.36 each, with a free-attaching option for every two shares. This initiative is part of the company’s broader strategy to strengthen its financial position and support its ongoing projects in the nickel sector, potentially impacting its market presence and shareholder value.
The most recent analyst rating on (AU:CTM) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Centaurus Metals Limited stock, see the AU:CTM Stock Forecast page.
More about Centaurus Metals Limited
Centaurus Metals Limited is an Australian-based company operating in the mining industry, with a focus on nickel exploration and development. The company is actively engaged in projects in Brazil, aiming to capitalize on the growing demand for nickel, a key component in electric vehicle batteries and other technologies.
Average Trading Volume: 660,248
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$186.3M
For detailed information about CTM stock, go to TipRanks’ Stock Analysis page.