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The latest announcement is out from FireFly Metals ( (AU:FFM) ).
FireFly Metals Ltd is issuing a prospectus for two share offers aimed at raising significant capital. The first offer targets eligible shareholders with shares priced at $1.70 each to raise up to $5 million, while the second offer involves shares priced at C$1.9158 (A$2.091) to raise up to C$15 million (A$16.371 million). These offers are part of the company’s strategy to strengthen its financial position and potentially expand its operations, although the investment is noted to be speculative in nature.
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
Average Trading Volume: 4,057,724
Technical Sentiment Signal: Buy
Current Market Cap: A$1.23B
Learn more about FFM stock on TipRanks’ Stock Analysis page.