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The latest announcement is out from EQ Resources Limited ( (AU:EQR) ).
EQ Resources Limited has successfully raised $34 million through a share placement to advance its Mt Carbine mine and strengthen its financial position. The funds will be used to access the high-grade Iolanthe Vein, reduce debt, and support working capital, positioning the company to capitalize on strong tungsten market conditions.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on EQ Resources Limited stock, see the AU:EQR Stock Forecast page.
More about EQ Resources Limited
EQ Resources Limited is a global tungsten producer with mining activities in Australia and Spain.
Average Trading Volume: 17,671,132
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$246.7M
See more data about EQR stock on TipRanks’ Stock Analysis page.