Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Mt Monger Resources Ltd. ( (AU:MTM) ) just unveiled an update.
Metallium Limited has issued a total of 84,685,042 new ordinary fully paid shares at A$0.84 per share as part of a previously announced A$75 million capital raising cornerstoned by U.S. institutions, alongside 1,537,500 additional shares resulting from the conversion of unlisted options. The company has lodged a cleansing notice under sections 708A(5)(e) and 708A(6) of the Corporations Act to ensure that these securities can be freely traded without further disclosure, confirming its compliance with continuous disclosure and financial reporting obligations and stating there is no undisclosed information materially affecting investors’ ability to assess the company or the rights attached to the new shares.
The most recent analyst rating on (AU:MTM) stock is a Hold with a A$0.94 price target. To see the full list of analyst forecasts on Mt Monger Resources Ltd. stock, see the AU:MTM Stock Forecast page.
More about Mt Monger Resources Ltd.
Metallium Limited is a critical and precious metals recovery company pioneering a low-carbon, high-efficiency approach to extracting materials such as gallium, germanium, antimony, rare earth elements and gold from mineral concentrates and high-grade waste streams including refinery scrap, e-waste and monazite. Using its patented Flash Joule Heating technology, the company is aligned with U.S. strategic supply chain objectives and has recently secured its first commercial site in Texas through its subsidiary Flash Metals USA Inc., advancing toward near-term production and revenue generation.
Average Trading Volume: 6,602,949
Technical Sentiment Signal: Buy
Current Market Cap: A$618.4M
For an in-depth examination of MTM stock, go to TipRanks’ Overview page.