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Kingsgate Consolidated Limited ( (AU:KCN) ) just unveiled an update.
Kingsgate Consolidated Limited has issued nearly 7 million fully paid ordinary shares following the exercise of warrants by entities associated with Nebari, a US-based mining financier. This strategic move, executed without disclosure under specific sections of the Corporations Act, indicates compliance with regulatory requirements and potentially strengthens the company’s financial position and market presence.
The most recent analyst rating on (AU:KCN) stock is a Buy with a A$7.70 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
More about Kingsgate Consolidated Limited
Kingsgate Consolidated Limited is an Australian company operating in the mining and natural resources industry. It focuses on the exploration, development, and production of gold and silver deposits.
Average Trading Volume: 1,783,593
Technical Sentiment Signal: Buy
Current Market Cap: A$1.17B
For a thorough assessment of KCN stock, go to TipRanks’ Stock Analysis page.