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FireFly Metals ( (AU:FFM) ) has issued an update.
FireFly Metals Ltd has announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to purchase new shares at a price of A$1.70 each, which represents a discount to recent market prices. The SPP aims to raise up to A$5 million, with the company reserving the right to accept oversubscriptions. This initiative is part of FireFly’s strategy to align shareholder interests with institutional placements and enhance its capital base.
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 mining industry, focusing on the exploration and development of metal resources. The company is listed on the ASX and TSX under the ticker FFM and is based in Perth, Western Australia.
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.