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The latest announcement is out from Metals X Limited ( (AU:MLX) ).
Metals X Limited announced its participation in a share placement by First Tin Plc, a company in which it holds a 29.91% stake. First Tin is raising £6.3 million through a private placement of new shares, and Metals X has committed to subscribing for a portion of these shares to maintain its interest at 29.95%. This move reflects Metals X’s strategic focus on maintaining its investment in the tin sector, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (AU:MLX) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Metals X Limited stock, see the AU:MLX Stock Forecast page.
More about Metals X Limited
Metals X Limited is a company operating in the mining industry, primarily focusing on tin production and investment. The company holds a significant interest in the Taronga Tin Project in Australia, through its investment in First Tin Plc.
Average Trading Volume: 3,130,007
Technical Sentiment Signal: Buy
Current Market Cap: A$726.8M
See more insights into MLX stock on TipRanks’ Stock Analysis page.