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FireFly Metals ( (AU:FFM) ) just unveiled an update.
FireFly Metals Ltd announced that its Securities Purchase Plan (SPP) offer has closed and was oversubscribed. The company’s directors have decided to accept the oversubscriptions, issuing up to 10,416,666 SPP shares. Additionally, the timing for the general meeting related to the second tranche of the placement has been clarified, indicating progress in their capital raising efforts.
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 issuance and management of securities. The company is listed on the Australian Securities Exchange (ASX) under the code FFM.
Average Trading Volume: 2,113,957
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$733.1M
See more data about FFM stock on TipRanks’ Stock Analysis page.