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The latest announcement is out from FireFly Metals ( (AU:FFM) ).
FireFly Metals Ltd has filed a final short form prospectus to facilitate the distribution of 30 million ordinary shares on the Toronto Stock Exchange, with an additional 3 million shares available through an over-allotment option. This offering is part of a broader equity raising initiative that includes a charity flow-through placement and an institutional placement, aiming to raise significant capital for the company. The equity raising also involves a Share Purchase Plan for eligible shareholders, with the overall initiative expected to impact the company’s financial positioning positively by enhancing its capital base.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$1.75 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 is a company operating in the metals industry, focusing on the distribution and trading of metals. The company is listed on both the Australian Securities Exchange (ASX) and the Toronto Stock Exchange (TSX), indicating a market focus that spans both Australia and Canada.
Average Trading Volume: 2,254,681
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$658.9M
For an in-depth examination of FFM stock, go to TipRanks’ Overview page.