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Medallion Metals Ltd ( (AU:MM8) ) just unveiled an announcement.
Medallion Metals Limited has issued 151,515,151 new ordinary shares, as previously announced, and has confirmed that these shares were issued without a prospectus or other disclosure document under the relevant provisions of the Corporations Act. The company stated it is fully compliant with its financial reporting and continuous disclosure obligations and that there is no excluded information relevant to the new share issue, clarifying regulatory status for investors and supporting confidence in the placement process.
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 Limited is an Australia-based resources company listed on the ASX, focused on exploration and development activities in the mining sector. The company operates out of West Perth, Western Australia, and is subject to Australian corporate and securities regulation.
Average Trading Volume: 1,357,442
Technical Sentiment Signal: Buy
Current Market Cap: A$242.3M
For a thorough assessment of MM8 stock, go to TipRanks’ Stock Analysis page.