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An update from Manuka Resources Ltd ( (AU:MKR) ) is now available.
Manuka Resources Limited has issued 165,558,973 fully paid ordinary shares at $0.075 per share to sophisticated and professional investors, following shareholder approval at the recent Annual General Meeting. This share placement, conducted without disclosure under Part 6D.2 of the Corporations Act, is part of the company’s strategy to enhance its financial position and support its ongoing operations, potentially impacting its market positioning and stakeholder interests.
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 mining industry, focusing primarily on the exploration and development of precious metals. The company is listed on the Australian Securities Exchange (ASX) and New Zealand Exchange (NZX) under the ticker MKR.
Average Trading Volume: 6,773,932
Technical Sentiment Signal: Buy
Current Market Cap: A$83.39M
For detailed information about MKR stock, go to TipRanks’ Stock Analysis page.