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European Metals Holdings Limited ( (AU:EMH) ) has issued an update.
European Metals Holdings Limited has issued 187,500 fully paid ordinary shares at an issue price of A$0.20 per share to satisfy fees and interest payable under a loan facility, resulting in a modest equity issuance to service existing debt obligations. The company has confirmed that the shares were issued without a disclosure document under the Corporations Act using the cleansing notice provisions, and that it remains compliant with its financial reporting and continuous disclosure obligations, indicating no undisclosed price-sensitive information for investors at the time of the issue.
The most recent analyst rating on (AU:EMH) stock is a Hold with a A$0.43 price target. To see the full list of analyst forecasts on European Metals Holdings Limited stock, see the AU:EMH Stock Forecast page.
More about European Metals Holdings Limited
European Metals Holdings Limited is an Australia-headquartered resources company listed on ASX, AIM, OTCQX/OTCQB and Frankfurt, focused on developing mineral projects in Europe, with its primary activity centred on advancing its strategic metals portfolio to supply European markets.
Average Trading Volume: 319,407
Technical Sentiment Signal: Buy
Current Market Cap: A$72.5M
For a thorough assessment of EMH stock, go to TipRanks’ Stock Analysis page.