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Manuka Resources Ltd ( (AU:MKR) ) has shared an update.
Manuka Resources Limited has issued 85,733,333 fully paid Ordinary Shares at a price of 0.075 per share to extinguish debt. This strategic move, executed without disclosure to investors under specific provisions of the Corporations Act, indicates the company’s efforts to manage its financial liabilities effectively, potentially impacting its financial stability and investor confidence.
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 the extraction and management of mineral resources. The company is listed on both the ASX and NZX, indicating a market focus on Australia and New Zealand.
Average Trading Volume: 7,224,563
Technical Sentiment Signal: Buy
Current Market Cap: A$77.92M
For detailed information about MKR stock, go to TipRanks’ Stock Analysis page.