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Manhattan Corporation ( (AU:MHC) ) has shared an update.
Manhattan Gold Corporation has issued 97,150,000 fully paid ordinary shares via a placement to sophisticated and professional investors, expanding its capital base without providing a prospectus under Australian disclosure rules. The company states it has complied with all relevant continuous disclosure and financial reporting obligations, and confirms there is no excluded or undisclosed information that investors would reasonably require to assess the company or the rights attached to the new shares.
The most recent analyst rating on (AU:MHC) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Manhattan Corporation stock, see the AU:MHC Stock Forecast page.
More about Manhattan Corporation
Manhattan Gold Corporation Limited, listed on the ASX under the code MHC, operates in the gold sector and is based in Perth, Western Australia. The company focuses on exploration and development activities in precious metals, seeking to advance its projects and create value for sophisticated and professional investors in the mining industry.
Average Trading Volume: 1,228,862
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$11.8M
For an in-depth examination of MHC stock, go to TipRanks’ Overview page.