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An update from Manuka Resources Ltd ( (AU:MKR) ) is now available.
Manuka Resources Ltd has announced a fully underwritten non-renounceable entitlement offer to raise approximately $8 million by issuing new shares at $0.043 per share. This capital raising initiative is aimed at strengthening the company’s financial position and supporting its ongoing operations, potentially enhancing its market positioning and providing benefits to its stakeholders.
More about Manuka Resources Ltd
Manuka Resources Ltd is a company listed on the Australian Securities Exchange (ASX: MKR) that operates within the resources sector. The company is involved in the exploration and development of mineral resources, focusing primarily on silver and gold projects in Australia.
Average Trading Volume: 1,118,543
Technical Sentiment Signal: Buy
Current Market Cap: A$47.88M
For an in-depth examination of MKR stock, go to TipRanks’ Overview page.