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The latest announcement is out from Medallion Metals Ltd ( (AU:MM8) ).
Medallion Metals has announced that its recently launched Share Purchase Plan has been oversubscribed, with applications exceeding the $5 million targeted, prompting the board to close the offer early at 5:00pm AWST on 16 January 2026, ahead of the original 28 January deadline. The company will scale back applications received before the revised closing date and refund excess application monies, with results of the plan to be announced on 21 January and new shares to be issued on 23 January, underscoring strong investor demand and providing Medallion with additional capital to support its ongoing activities.
The most recent analyst rating on (AU:MM8) stock is a Hold with a A$0.42 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
More about Medallion Metals Ltd
Medallion Metals Ltd is an Australia-based resources company listed on the ASX under the code MM8, focused on mineral exploration and development activities that attract equity investment from shareholders through capital-raising initiatives such as share purchase plans.
Average Trading Volume: 1,240,582
Technical Sentiment Signal: Buy
Current Market Cap: A$309.8M
Find detailed analytics on MM8 stock on TipRanks’ Stock Analysis page.