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FireFly Metals ( (AU:FFM) ) has shared an update.
FireFly Metals Ltd announced the issuance of 9,778,357 ordinary fully paid shares on April 17, 2025, under a Subscription Agreement. This move, calculated on a VWAP basis, indicates a strategic decision to issue shares instead of cash for deferred consideration, potentially impacting the company’s market liquidity and shareholder value.
More about FireFly Metals
FireFly Metals Ltd operates in the metals industry, focusing on the production and trading of metal securities. The company is listed on the Australian Securities Exchange (ASX) under the code FFM.
YTD Price Performance: -7.72%
Average Trading Volume: 63,554
Technical Sentiment Signal: Buy
Current Market Cap: $294.4M
For an in-depth examination of FFM stock, go to TipRanks’ Stock Analysis page.