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Meeka Gold Limited ( (AU:MEK) ) has shared an update.
Meeka Metals Limited, a company involved in the metals industry, announced the issuance of 687,500 fully paid ordinary shares following the conversion of unlisted options. This move resulted in proceeds of $61,250 and was executed without disclosure to investors under specific provisions of the Corporations Act. The issuance aligns with compliance requirements and reflects the company’s strategic financial maneuvers to enhance its capital structure.
The most recent analyst rating on (AU:MEK) stock is a Buy with a A$0.15 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
Average Trading Volume: 11,664,804
Technical Sentiment Signal: Buy
Current Market Cap: A$352.1M
See more insights into MEK stock on TipRanks’ Stock Analysis page.