Hillgrove Resources Completes Tranche 2 Share Placement

The latest announcement is out from Hillgrove Resources Limited ( (AU:HGO) ).

Hillgrove Resources Limited has issued over 74 million fully paid ordinary shares to Freepoint Metals & Concentrates LLC as part of its Tranche 2 Placement. This move, approved by shareholders and compliant with regulatory requirements, strengthens Hillgrove’s financial position and supports its ongoing operations, potentially enhancing its market standing and stakeholder confidence.

The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.10 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.

More about Hillgrove Resources Limited

Hillgrove Resources Limited operates in the mining industry, focusing primarily on the extraction and production of copper and other base metals. The company is based in Australia and is involved in the development and operation of mining projects, with a market focus on supplying metals to various industries.

Average Trading Volume: 5,269,245

Technical Sentiment Signal: Sell

Current Market Cap: A$93.99M

Find detailed analytics on HGO stock on TipRanks’ Stock Analysis page.