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Greenland Minerals Limited ( (AU:ETM) ) has issued an update.
Energy Transition Minerals Ltd has applied to the ASX for quotation of 189,615,384 new ordinary fully paid shares, expanding its issued capital base. The move, formalised via an Appendix 2A filing, reflects the latest step in previously announced transactions and is likely to increase the company’s market liquidity and broaden its shareholder base, with implications for existing investors’ dilution and the company’s capacity to fund its strategic activities in the energy transition minerals sector.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
More about Greenland Minerals Limited
Energy Transition Minerals Ltd is an Australian-listed resources company focused on minerals critical to the global energy transition, with its ordinary fully paid shares traded on the ASX under the code ETM.
Average Trading Volume: 7,060,797
Technical Sentiment Signal: Buy
Current Market Cap: A$248M
See more insights into ETM stock on TipRanks’ Stock Analysis page.