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An update from Dragon Mining ( (HK:1712) ) is now available.
Dragon Mining Limited has announced a new share placement under a general mandate, aiming to raise approximately HK$177.4 million through the issuance of up to 31,619,322 new shares at a price of HK$5.61 each. The proceeds will be used for acquiring a mining contractor business, settling environmental bonds, upgrading processing facilities in Finland and Sweden, and developing mining operations at Svartliden. The placement represents a significant move to enhance the company’s operational capabilities and market positioning.
The most recent analyst rating on (HK:1712) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Dragon Mining stock, see the HK:1712 Stock Forecast page.
More about Dragon Mining
Dragon Mining Limited is a company incorporated in Western Australia, operating in the mining industry. It focuses on the acquisition and development of mining projects, with operations in Finland and Sweden.
Average Trading Volume: 2,444,058
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.09B
See more insights into 1712 stock on TipRanks’ Stock Analysis page.