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Meeka Gold Limited ( (AU:MEK) ) has issued an update.
Meeka Metals Limited announced the conversion of 3,125,000 unlisted options into fully paid ordinary shares, generating proceeds of $187,500. This move reflects the company’s ongoing compliance with regulatory requirements and signifies a strategic financial maneuver to enhance its capital structure.
The most recent analyst rating on (AU:MEK) stock is a Buy with a A$0.23 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: 88.31%
Average Trading Volume: 12,610,837
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$422.8M
For a thorough assessment of MEK stock, go to TipRanks’ Stock Analysis page.