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Medallion Metals Ltd ( (AU:MM8) ) has issued an update.
Medallion Metals Ltd has updated its previously announced securities purchase plan and associated securities issue, advising the market that the closing date for the share purchase plan and the corresponding share issue date have been revised. The company has lodged an updated Appendix 3B with the ASX outlining the proposed issue of securities via a placement or other type of issue alongside the securities purchase plan, signalling a continued focus on raising equity capital and fine-tuning the timetable for investors participating in the offer.
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 Australian-listed company on the ASX under the code MM8. The filing does not provide details on its specific industry, products, or services, but it is engaged in capital markets activities typical of listed resource or industrial companies, including placements and share purchase plans to fund its operations and growth initiatives.
Average Trading Volume: 1,240,582
Technical Sentiment Signal: Buy
Current Market Cap: A$309.8M
For a thorough assessment of MM8 stock, go to TipRanks’ Stock Analysis page.