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Dragon Mining ( (HK:1712) ) just unveiled an announcement.
Dragon Mining Limited has successfully completed the placement of 31,619,322 new shares under a general mandate, raising approximately HK$172.8 million. The proceeds will be used for acquiring a mining contractor business, settling environmental bonds, upgrading facilities in Finland and Sweden, and developing mining operations at Svartliden. This placement has altered the company’s shareholding structure, with the new shares representing 16.67% of the total issued shares post-completion.
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 within the mining industry. The company focuses on mining operations and related services, with a market presence in regions such as Finland and Sweden.
Average Trading Volume: 2,678,163
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.13B
For an in-depth examination of 1712 stock, go to TipRanks’ Overview page.