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Genmin Ltd. ( (AU:GEN) ) has issued an announcement.
Genmin Limited has announced an increase in loan funding from entities related to its non-executive Chair and Director, raising the total to A$3.5 million. This funding will support the company’s working capital needs as it advances its Baniaka iron ore project, reflecting confidence in the project’s potential and Genmin’s strategic direction.
The most recent analyst rating on (AU:GEN) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Genmin Ltd. stock, see the AU:GEN Stock Forecast page.
More about Genmin Ltd.
Genmin Limited is an emerging producer in the African iron ore industry, focusing on the development of its Baniaka iron ore project in the Republic of Gabon, West Central Africa.
Average Trading Volume: 656,781
Technical Sentiment Signal: Sell
Current Market Cap: A$20.41M
For detailed information about GEN stock, go to TipRanks’ Stock Analysis page.