Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
FireFly Metals ( (AU:FFM) ) just unveiled an update.
FireFly Metals Ltd has announced a significant financing initiative, raising C$25.8 million through a Canadian bought deal and A$43.7 million via an Australian equity raise. The funds will primarily support the development of the Green Bay Copper-Gold Project, including underground development, resource extension, and exploration activities. This financial boost is expected to enhance FireFly’s operational capabilities and strengthen its position in the copper-gold industry.
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 is an emerging copper-gold company focused on advancing the high-grade Green Bay Copper-Gold Project in Newfoundland, Canada. The project includes multiple assets such as the Ming underground mine and Little Deer exploration project. The company aims to rapidly grow its copper-gold Mineral Resource to establish a globally significant asset. FireFly also holds interests in the Pickle Crow Gold Project in Ontario and the Limestone Well Vanadium-Titanium Project in Western Australia.
Average Trading Volume: 2,111,120
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$611.8M
Find detailed analytics on FFM stock on TipRanks’ Stock Analysis page.