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Meteoric Resources NL Issues New Shares to Strengthen Market Position

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Meteoric Resources NL Issues New Shares to Strengthen Market Position

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Meteoric Resources NL ( (AU:MEI) ) has issued an update.

Meteoric Resources NL has announced the issuance of 303,571,429 fully paid ordinary shares at an issue price of $0.14 each, without the need for disclosure under Part 6D.2 of the Corporations Act. This move indicates the company’s compliance with relevant legal provisions and suggests a strategic financial maneuver to potentially enhance its capital structure and market position.

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 is a company listed on the Australian Securities Exchange (ASX) under the ticker MEI. The company operates in the resources sector, focusing on exploration and development of mineral projects.

Average Trading Volume: 7,177,624

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$316.8M

For detailed information about MEI stock, go to TipRanks’ Stock Analysis page.

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