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FireFly Metals ( (AU:FFM) ) has shared an announcement.
FireFly Metals Ltd has announced a proposed issuance of securities, which includes an offer under a securities purchase plan and a placement. The company plans to issue a maximum of 5,208,333 ordinary fully paid securities under the purchase plan and 31,145,833 through a placement. This strategic move is aimed at raising capital, potentially impacting the company’s market positioning and providing stakeholders with new investment opportunities.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$1.10 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 of securities as part of its financial operations. The company is listed on the Australian Securities Exchange (ASX) under the issuer code FFM.
Average Trading Volume: 2,132,986
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$614.7M
See more data about FFM stock on TipRanks’ Stock Analysis page.