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Genesis Minerals Limited ( (AU:GMD) ) has provided an announcement.
Genesis Minerals Limited has announced the issuance of 127,002 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code GMD. This move is part of the company’s strategy to leverage convertible securities, potentially enhancing its capital structure and providing additional resources for its operational and strategic initiatives.
The most recent analyst rating on (AU:GMD) stock is a Buy with a A$5.10 price target. To see the full list of analyst forecasts on Genesis Minerals Limited stock, see the AU:GMD Stock Forecast page.
More about Genesis Minerals Limited
Genesis Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction and production of minerals, with a market focus on expanding its resource base and enhancing shareholder value.
Average Trading Volume: 5,357,862
Technical Sentiment Signal: Buy
Current Market Cap: A$4.54B
For detailed information about GMD stock, go to TipRanks’ Stock Analysis page.