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The latest announcement is out from Fenix Resources Limited ( (AU:FEX) ).
Fenix Resources Limited has announced the issuance of 330,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code FEX. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing operations, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.65 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.
More about Fenix Resources Limited
Fenix Resources Limited operates in the mining industry, focusing primarily on the extraction and production of iron ore. The company is engaged in developing and managing mining projects and aims to supply high-quality iron ore to global markets.
Average Trading Volume: 1,198,601
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$238.1M
For detailed information about FEX stock, go to TipRanks’ Stock Analysis page.