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The latest announcement is out from Horizon Minerals Ltd ( (AU:HRZ) ).
Horizon Minerals Ltd has issued 50.9 million fully paid ordinary shares at $0.04 each under a convertible loan agreement with Nebari Gold Fund, LP, as approved by shareholders. This move, conducted without disclosure under the Corporations Act, aligns with the company’s strategic financial arrangements and Nebari has already organized an off-market trade for the entire block of shares, indicating a potential shift in stakeholder dynamics.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 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 development. The company is listed on the Australian Securities Exchange under the ticker HRZ.
Average Trading Volume: 7,157,079
Technical Sentiment Signal: Hold
Current Market Cap: A$124.1M
For an in-depth examination of HRZ stock, go to TipRanks’ Stock Analysis page.