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Eagle Mountain Mining Ltd. ( (AU:EM2) ) has issued an announcement.
Eagle Mountain Mining has placed part of the shortfall from its recent non-renounceable entitlement offer, issuing 95,419,542 new shares and 31,806,500 new options to investors. The remaining shortfall amounts to approximately $898,775, or 99,863,987 shares, with Executive Director Fabio Vergara applying for 4,444,445 new shares and associated options, subject to shareholder approval, underscoring insider support for the capital raising and providing additional funding runway for the company’s exploration activities in Arizona.
The most recent analyst rating on (AU:EM2) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Eagle Mountain Mining Ltd. stock, see the AU:EM2 Stock Forecast page.
More about Eagle Mountain Mining Ltd.
Eagle Mountain Mining Limited is an Australian-listed copper-gold exploration company focused on the strategic exploration and development of its Wedgetail and Silver Mountain projects in Arizona, USA, a key jurisdiction within America’s mining industry and host to several major global copper deposits.
Average Trading Volume: 2,979,742
Technical Sentiment Signal: Sell
Current Market Cap: A$15.39M
See more data about EM2 stock on TipRanks’ Stock Analysis page.