Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
KGL Resources Limited ( (AU:KGL) ) has provided an update.
KGL Resources Limited has issued 20,497,456 new fully paid ordinary shares to sophisticated, experienced, or professional investors, raising approximately $2.87 million. This issuance was conducted without disclosure under section 708A(5) of the Corporations Act 2001, and the company has confirmed compliance with relevant legal provisions, indicating a strategic move to strengthen its financial position.
The most recent analyst rating on (AU:KGL) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on KGL Resources Limited stock, see the AU:KGL Stock Forecast page.
More about KGL Resources Limited
Average Trading Volume: 1,258,487
Technical Sentiment Signal: Buy
Current Market Cap: A$108.8M
For a thorough assessment of KGL stock, go to TipRanks’ Stock Analysis page.