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The latest update is out from KGL Resources Limited ( (AU:KGL) ).
KGL Resources Limited announced the issuance of 58,073,973 new fully paid ordinary shares to sophisticated, experienced, or professional investors, raising approximately $8.13 million. This strategic move, conducted without disclosure under the Corporations Act, aims to strengthen the company’s financial position and enhance its operational capabilities, potentially impacting its market standing and offering new opportunities for stakeholders.
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
KGL Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with the extraction and processing of minerals, positioning itself to cater to the demands of the global market for raw materials.
Average Trading Volume: 1,273,702
Technical Sentiment Signal: Buy
Current Market Cap: A$120.1M
See more data about KGL stock on TipRanks’ Stock Analysis page.