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Horizon Gold Ltd ( (AU:HRN) ) just unveiled an announcement.
Horizon Gold has begun despatching offer documents and entitlement and acceptance forms for its previously announced non-renounceable one-for-20 entitlement offer, aiming to raise about $10.2 million before costs. The offer opens on 12 March and closes on 26 March 2026, with new shares to be issued and the results, including any shortfall, announced on 2 April, marking a key capital-raising step that could strengthen the company’s funding position for ongoing operations and projects.
The most recent analyst rating on (AU:HRN) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Horizon Gold Ltd stock, see the AU:HRN Stock Forecast page.
More about Horizon Gold Ltd
Horizon Gold Limited is an Australian gold exploration and development company listed on the ASX under the code HRN. The company operates in the resources sector, focusing on advancing its gold assets in Western Australia for investors seeking exposure to precious metals projects.
Average Trading Volume: 82,690
Technical Sentiment Signal: Buy
Current Market Cap: A$256.5M
Find detailed analytics on HRN stock on TipRanks’ Stock Analysis page.