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Magnetic Resources NL ( (AU:MAU) ) has issued an update.
Magnetic Resources NL has announced a proposed issue of 26,923,077 fully paid ordinary securities, scheduled for issuance on August 27, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s capital structure and market positioning, as it seeks to raise funds for its operations and strategic initiatives.
The most recent analyst rating on (AU:MAU) stock is a Buy with a A$2.53 price target. To see the full list of analyst forecasts on Magnetic Resources NL stock, see the AU:MAU Stock Forecast page.
More about Magnetic Resources NL
Magnetic Resources NL operates within the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in discovering and extracting valuable minerals, contributing to the supply chain of raw materials for various industries.
Average Trading Volume: 144,676
Technical Sentiment Signal: Buy
Current Market Cap: A$367.6M
See more data about MAU stock on TipRanks’ Stock Analysis page.