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Dreadnought Resources Limited ( (AU:DRE) ) has issued an update.
Dreadnought Resources Limited has announced the issuance of 197,700,001 fully paid ordinary shares as part of tranche two placement. This move, previously notified to the market, is expected to enhance the company’s capital base, potentially strengthening its position in the mining sector and providing additional resources for its ongoing exploration activities.
The most recent analyst rating on (AU:DRE) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Dreadnought Resources Limited stock, see the AU:DRE Stock Forecast page.
More about Dreadnought Resources Limited
Dreadnought Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the discovery and advancement of projects with a market focus on securing valuable mineral deposits.
Average Trading Volume: 8,471,511
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$63.18M
See more insights into DRE stock on TipRanks’ Stock Analysis page.
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