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Manuka Resources Ltd ( (AU:MKR) ) just unveiled an update.
Manuka Resources Limited has issued over 35 million fully paid ordinary shares and nearly 28 million unquoted options following the conversion of convertible loans and the repayment of a short-term loan facility. This action strengthens the company’s financial position and capital structure while presenting potential growth opportunities for stakeholders.
The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Manuka Resources Ltd stock, see the AU:MKR Stock Forecast page.
More about Manuka Resources Ltd
Manuka Resources Limited operates in the resources industry, focusing on mining and resource development. The company is listed on both the ASX and NZX, and its activities include the development of mining projects and related financial operations in Australia.
Average Trading Volume: 7,770,762
Technical Sentiment Signal: Buy
Current Market Cap: A$84.53M
See more insights into MKR stock on TipRanks’ Stock Analysis page.