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An update from Heavy Minerals Ltd ( (AU:HVY) ) is now available.
Heavy Minerals Limited announced the issuance of 50,000 fully paid ordinary shares without disclosure to investors under the Corporations Act. This move is part of the company’s compliance with relevant provisions of the Corporations Act, indicating a strategic step in its financial operations. The issuance of shares may impact the company’s market positioning and stakeholder interests by potentially enhancing its capital structure.
The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.49 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.
More about Heavy Minerals Ltd
Heavy Minerals Limited (ASX: HVY) is an Australian listed industrial mineral exploration company focusing on projects that are prospective for industrial minerals such as Garnet, Zircon, Rutile, and Ilmenite. The company is primarily focused on the Port Gregory and Red Hill Garnet Projects in Western Australia, with significant mineral resources identified at these sites. Additionally, Heavy Minerals is involved in the Inhambane Heavy Mineral Project in Mozambique.
Average Trading Volume: 84,880
Technical Sentiment Signal: Buy
For an in-depth examination of HVY stock, go to TipRanks’ Overview page.