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Hillgrove Resources Limited ( (AU:HGO) ) has provided an announcement.
Hillgrove Resources Limited has issued 146,476,966 fully paid ordinary shares at a price of A$0.035 per share as part of a placement initially announced in September 2025. This move, conducted without disclosure under Part 6D.2 of the Corporations Act, aligns with the company’s compliance with regular reporting obligations and indicates a strategic effort to raise capital, potentially impacting its operational capacity and market positioning.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 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 on the exploration and production of mineral resources. The company is primarily involved in the extraction and sale of copper and other related minerals, with a market focus on delivering these resources efficiently and sustainably.
Average Trading Volume: 13,844,617
Technical Sentiment Signal: Sell
Current Market Cap: A$109.5M
See more insights into HGO stock on TipRanks’ Stock Analysis page.