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FireFly Metals Launches Share Purchase Plan for Eligible Shareholders

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FireFly Metals Launches Share Purchase Plan for Eligible Shareholders

Elevate Your Investing Strategy:

FireFly Metals ( (AU:FFM) ) has shared an update.

FireFly Metals Ltd has announced a Share Purchase Plan (SPP) allowing eligible shareholders in Australia and New Zealand to purchase new shares at a discounted price of A$0.96 per share. This offer follows a recent institutional share placement and aims to raise up to A$5 million, with the company reserving the right to accept oversubscriptions. The initiative is designed to provide shareholders with an opportunity to invest further in the company under similar terms as institutional investors, potentially enhancing shareholder value and supporting the company’s financial strategies.

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 operates in the metals industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the production and sale of metals, with a market focus on sophisticated and professional investors in Australia and New Zealand.

YTD Price Performance: 14.05%

Average Trading Volume: 2,253,976

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$614M

For a thorough assessment of FFM stock, go to TipRanks’ Stock Analysis page.

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