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Horizon Minerals Ltd ( (AU:HRZ) ) has shared an announcement.
Horizon Minerals Ltd has issued 37,573,385 fully paid ordinary shares to Yandal Resources Limited as part of the acquisition of the Gordons Dam Project. Additionally, Horizon has received multiple unsolicited offers for its 100%-owned Lake Johnston project, which has a history of nickel production. The company is currently in negotiations regarding these offers, though no transaction has been finalized. The outcome of these negotiations could impact Horizon’s operations and market positioning, particularly in the nickel mining sector.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
More about Horizon Minerals Ltd
Horizon Minerals Ltd is a company in the mining industry, primarily focused on mineral exploration and production. The company is involved in the acquisition and development of mining projects, with a particular focus on nickel production.
YTD Price Performance: 22.50%
Average Trading Volume: 10,768,224
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$149.2M
For a thorough assessment of HRZ stock, go to TipRanks’ Stock Analysis page.