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Linq Minerals Limited ( (AU:LNQ) ) has shared an announcement.
LinQ Minerals has expanded its capital base by issuing 26,362,652 new fully paid ordinary shares under a previously announced Tranche 1 placement, alongside a further 1,333,334 shares issued upon the exercise of unlisted options at $0.20 each. The company affirmed compliance with its financial reporting and continuous disclosure obligations and noted that drilling is underway at its Gilmore Gold-Copper Project, with results to be released in due course, signalling ongoing investment in exploration that could influence its future resource profile and value for shareholders.
The most recent analyst rating on (AU:LNQ) stock is a Buy with a A$0.90 price target. To see the full list of analyst forecasts on Linq Minerals Limited stock, see the AU:LNQ Stock Forecast page.
More about Linq Minerals Limited
LinQ Minerals Limited is an Australian-listed mineral exploration company focused on gold and copper assets, including the Gilmore Gold-Copper Project, where it is currently conducting drilling programs to advance and evaluate its resource potential.
Average Trading Volume: 862,249
Technical Sentiment Signal: Strong Buy
See more data about LNQ stock on TipRanks’ Stock Analysis page.