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M3 Mining Ltd. ( (AU:M3M) ) has provided an update.
M3 Mining Ltd has notified the market that it will issue 20 million unlisted options, each exercisable at $0.06 and expiring on 23 January 2028. The options, which form part of a previously announced transaction and will not be quoted on the ASX, represent a capital management move that could lead to future equity dilution for existing shareholders if exercised, while potentially providing additional funding flexibility for the company.
The most recent analyst rating on (AU:M3M) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on M3 Mining Ltd. stock, see the AU:M3M Stock Forecast page.
More about M3 Mining Ltd.
Average Trading Volume: 329,710
Technical Sentiment Signal: Sell
Current Market Cap: A$7.93M
For a thorough assessment of M3M stock, go to TipRanks’ Stock Analysis page.