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An announcement from FireFly Metals ( (AU:FFM) ) is now available.
FireFly Metals Ltd has successfully issued 50 million fully paid ordinary shares at A$1.70 each through an institutional placement. This move was made without disclosure under specific sections of the Corporations Act 2001, indicating compliance with regulatory requirements and no undisclosed information. The issuance is expected to bolster the company’s financial position, potentially impacting its market strategy and stakeholder interests positively.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$2.30 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 exploration and development of mineral resources. The company is listed on both the Australian Securities Exchange (ASX) and the Toronto Stock Exchange (TSX) under the ticker FFM.
Average Trading Volume: 4,067,939
Technical Sentiment Signal: Buy
Current Market Cap: A$1.21B
Find detailed analytics on FFM stock on TipRanks’ Stock Analysis page.