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Meeka Gold Limited ( (AU:MEK) ) just unveiled an update.
Meeka Metals Limited has lodged an Appendix 3B with the ASX outlining a proposed placement of up to 117,804,881 new ordinary fully paid shares under its MEK ticker. The new securities are scheduled for issue on 11 May 2026, indicating a further equity capital raising that may support the company’s ongoing exploration and development programs while diluting existing shareholders’ stakes.
The most recent analyst rating on (AU:MEK) stock is a Buy with a A$0.39 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
Meeka Metals Limited is an Australian-listed company focused on mineral exploration and development, with its ordinary fully paid shares trading on the ASX under the code MEK. The company operates within the metals and mining sector, raising capital periodically through equity placements to fund its exploration and project activities.
Average Trading Volume: 22,901,943
Technical Sentiment Signal: Hold
Current Market Cap: A$441.9M
Find detailed analytics on MEK stock on TipRanks’ Stock Analysis page.