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Meeka Gold Limited ( (AU:MEK) ) has issued an update.
Meeka Metals Limited has announced the issuance of 1,812,500 fully paid ordinary shares following the conversion of unlisted options, generating proceeds of $108,750. This move is part of the company’s compliance with the Corporations Act and reflects its ongoing efforts to manage its capital structure effectively, potentially impacting its market positioning and shareholder value.
The most recent analyst rating on (AU:MEK) stock is a Buy with a A$0.31 price target. To see the full list of analyst forecasts on Meeka Gold Limited stock, see the AU:MEK Stock Forecast page.
More about Meeka Gold Limited
YTD Price Performance: 159.74%
Average Trading Volume: 16,869,378
Technical Sentiment Signal: Buy
Current Market Cap: A$584.5M
See more insights into MEK stock on TipRanks’ Stock Analysis page.