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Medallion Metals Issues New Shares to Strengthen Financial Position

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Medallion Metals Issues New Shares to Strengthen Financial Position

Confident Investing Starts Here:

An announcement from Medallion Metals Ltd ( (AU:MM8) ) is now available.

Medallion Metals Limited has issued 29,885,020 ordinary shares without a disclosure to investors under the Corporations Act, complying with relevant legal provisions. This move is part of the company’s strategic efforts to bolster its financial position and potentially expand its operations, reflecting its commitment to growth and compliance with regulatory standards.

The most recent analyst rating on (AU:MM8) stock is a Buy with a A$0.41 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 operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the production of metals, with a market focus on expanding its resource base and enhancing shareholder value.

Average Trading Volume: 1,067,404

Technical Sentiment Signal: Buy

Current Market Cap: A$129.3M

Learn more about MM8 stock on TipRanks’ Stock Analysis page.

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