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An announcement from Meteoric Resources NL ( (AU:MEI) ) is now available.
Meteoric Resources NL has announced a proposed issue of 47,000,000 ordinary fully paid securities, with the issue date set for December 12, 2025. This strategic move is likely aimed at raising capital to support the company’s operations and growth initiatives, potentially impacting its market positioning and offering implications for stakeholders in terms of investment opportunities and company valuation.
The most recent analyst rating on (AU:MEI) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Meteoric Resources NL stock, see the AU:MEI Stock Forecast page.
More about Meteoric Resources NL
Meteoric Resources NL operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with the discovery and extraction of valuable minerals, positioning itself within the resource sector to capitalize on market demands for raw materials.
Average Trading Volume: 11,743,810
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$475.4M
Find detailed analytics on MEI stock on TipRanks’ Stock Analysis page.