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The latest update is out from GreenX Metals ( (AU:GRX) ).
GreenX Metals has raised approximately A$13.6 million through a share placement, strengthening its balance sheet to fund ongoing exploration and resource definition work at its Tannenberg Copper Project in Germany. During the quarter, the company released substantial historical copper and silver estimates for parts of the Tannenberg licence area and reported that modern assays of archived drill cores not only validate the historical high-grade copper and silver grades but also indicate thicker mineralised zones and potential extensions beyond the traditional Kupferschiefer horizon, underscoring significant resource upside and scale potential for the project.
The most recent analyst rating on (AU:GRX) stock is a Hold with a A$0.99 price target. To see the full list of analyst forecasts on GreenX Metals stock, see the AU:GRX Stock Forecast page.
More about GreenX Metals
GreenX Metals is a multi-listed resources company focused on copper exploration and development, with a particular emphasis on the Tannenberg Copper Project in Germany. The company targets sediment-hosted Kupferschiefer-style mineralisation and aims to delineate economically significant copper and silver resources in a region with a history of large-scale base metals production.
Average Trading Volume: 85,184
Technical Sentiment Signal: Buy
Current Market Cap: A$297.8M
Learn more about GRX stock on TipRanks’ Stock Analysis page.