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Genesis Minerals Limited ( (AU:GMD) ) has issued an update.
Genesis Minerals Limited has announced the issuance of 100,000 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 enhance its capital structure and support its ongoing operations, potentially impacting its market positioning and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:GMD) stock is a Hold with a A$4.40 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 engaged in the extraction and processing of minerals, aiming to expand its market presence through strategic resource development.
Average Trading Volume: 5,631,082
Technical Sentiment Signal: Buy
Current Market Cap: A$5.09B
Learn more about GMD stock on TipRanks’ Stock Analysis page.