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The latest update is out from FireFly Metals ( (AU:FFM) ).
FireFly Metals Ltd has successfully issued 29,166,667 fully paid ordinary shares at A$0.96 each as part of the second tranche of an institutional placement. This issuance was conducted without disclosure under the Corporations Act 2001, following shareholder approval. The move is expected to bolster the company’s financial position and support its ongoing operations, reflecting compliance with regulatory requirements.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$1.65 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
More about FireFly Metals
FireFly Metals Ltd operates in the metals industry, focusing on the production and distribution of metal products. The company is listed on both the Australian Securities Exchange (ASX) and the Toronto Stock Exchange (TSX) under the ticker FFM.
Average Trading Volume: 1,916,126
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$810.3M
For detailed information about FFM stock, go to TipRanks’ Stock Analysis page.