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The latest announcement is out from Manuka Resources Ltd ( (AU:MKR) ).
Manuka Resources Limited announced the issuance of 35,050,609 fully paid ordinary shares at a deemed price of $0.043 per share, resulting from the conversion of convertible loans and repayment of a short-term loan facility. This development reflects the company’s efforts to optimize its financial structure and maintain compliance with regulatory requirements, emphasizing its commitment to transparency and operational stability.
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 and resources sector, focusing on exploration and production activities. The company engages in projects aimed at resource development, catering to various stakeholders in the industry.
Average Trading Volume: 7,770,762
Technical Sentiment Signal: Buy
Current Market Cap: A$84.53M
See more data about MKR stock on TipRanks’ Stock Analysis page.