Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Eastern Metals Limited ( (AU:EMS) ) has provided an update.
Eastern Metals Limited has lodged the required information with ASX to support its admission as an ASX Listing and will rebrand as Raptor Metals Ltd as part of a broader transaction involving the acquisition of Raptor Resources Limited. Upon completion of the transaction, associated offers and reinstatement, the company will concentrate on exploration and development of its gold, copper and base metals projects across Canada and Australia, signalling a strategic repositioning towards a more diversified, international portfolio that could enhance its growth prospects and profile in the junior mining sector.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
More about Eastern Metals Limited
Eastern Metals Limited, soon to be renamed Raptor Metals Ltd, is an Australian resources company incorporated under the Corporations Act 2001 and currently based in Sydney. Following completion of a planned transaction and related offers, the company intends to focus on exploration and development projects in Australia and Canada that are considered highly prospective for gold, copper and other base metals, positioning it within the junior mining and exploration segment of the resources industry.
Technical Sentiment Signal: Sell
Find detailed analytics on EMS stock on TipRanks’ Stock Analysis page.