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Manuka Resources Ltd ( (AU:MKR) ) has shared an update.
Manuka Resources Ltd has announced the issuance of 21,137,409 ordinary fully paid shares at a deemed issue price of $0.043 per share. This issuance is in full satisfaction of a short-term loan facility, which suggests a strategic move to manage its financial obligations. The announcement may impact the company’s operations by potentially improving its liquidity position and strengthening its balance sheet, which could enhance its market positioning 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 Ltd is a company involved in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the production of precious metals, with a particular emphasis on gold and silver mining projects.
Average Trading Volume: 7,668,742
Technical Sentiment Signal: Buy
Current Market Cap: A$92.71M
See more data about MKR stock on TipRanks’ Stock Analysis page.