Great Northern Minerals Issues 205,128 New Shares Under Cleansing Notice

The latest announcement is out from Great Northern Minerals Limited ( (AU:GNM) ).

Great Northern Minerals Limited has issued 205,128 fully paid ordinary shares without a prospectus or disclosure document, relying on provisions of the Corporations Act that allow such placements to be made to investors under specific conditions. The company states it remains compliant with its financial reporting and continuous disclosure obligations and confirms there is no excluded information that would need to be disclosed, signalling that the small share issue is a routine capital management step with no undisclosed material developments for shareholders.

The most recent analyst rating on (AU:GNM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Great Northern Minerals Limited stock, see the AU:GNM Stock Forecast page.

More about Great Northern Minerals Limited

Great Northern Minerals Limited (ASX: GNM) is an Australian-listed company whose shares trade as fully paid ordinary shares on the ASX under the code GNM, giving investors equity exposure to its business activities in the resources sector.

YTD Price Performance: -11.11%

Average Trading Volume: 1,209,243

Technical Sentiment Signal: Sell

Current Market Cap: A$20.85M

For detailed information about GNM stock, go to TipRanks’ Stock Analysis page.