Equinox Resources Limited ( (AU:EQN) ) just unveiled an update.
Equinox Resources Limited has successfully completed the first tranche of its strategic capital raise, generating $2.94 million through the issuance of 30,962,500 fully paid ordinary shares. This capital raise is part of a two-tranche placement aimed at enhancing the company’s financial capacity, with the second tranche pending shareholder approval. The completion of this tranche strengthens Equinox’s financial position, potentially impacting its operational capabilities and market strategy.
More about Equinox Resources Limited
Equinox Resources Limited operates in the resources sector, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker EQN.
Average Trading Volume: 219,856
Technical Sentiment Signal: Hold
Current Market Cap: A$11.77M
For a thorough assessment of EQN stock, go to TipRanks’ Stock Analysis page.