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Kingsland Minerals Ltd. ( (AU:KNG) ) just unveiled an update.
Kingsland Minerals Ltd. has announced the successful issuance of 6,057,500 fully paid ordinary shares to Quinbrook Asset Management Pty Ltd as part of a strategic placement. This move, approved by shareholders, aims to bolster the company’s capital and support its critical resources strategy, potentially enhancing its market position and operational capabilities.
The most recent analyst rating on (AU:KNG) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Kingsland Minerals Ltd. stock, see the AU:KNG Stock Forecast page.
More about Kingsland Minerals Ltd.
Kingsland Minerals Ltd. operates in the mining industry, focusing on mineral exploration and development. The company is listed on the Australian Securities Exchange (ASX) under the ticker KNG.
Average Trading Volume: 215,964
Technical Sentiment Signal: Sell
Current Market Cap: A$9.3M
For a thorough assessment of KNG stock, go to TipRanks’ Stock Analysis page.