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The latest announcement is out from Moon River Capital Ltd. ( (TSE:MOO) ).
Moon River Moly Ltd. has engaged Independent Trading Group (ITG) to provide market-making services, aiming to maintain a reasonable market and improve the liquidity of its common shares. This agreement, subject to regulatory approval, involves ITG trading shares on various exchanges and receiving a monthly compensation of CAD$6,500. The arrangement is set for an initial one-month term, with automatic renewals unless terminated by either party with a 30-day notice. This move is expected to enhance the company’s market presence and potentially benefit its stakeholders by improving share liquidity.
The most recent analyst rating on (TSE:MOO) stock is a Buy with a C$2.20 price target. To see the full list of analyst forecasts on Moon River Capital Ltd. stock, see the TSE:MOO Stock Forecast page.
More about Moon River Capital Ltd.
Moon River is a Canadian-based resource company focused on the acquisition, exploration, and development of mineral projects. It is primarily focused on the development of the Davidson Property, which hosts a large molybdenum-tungsten deposit near Smithers, British Columbia. Additionally, the company holds a 25% stake in the Endako Mine Complex, one of the largest molybdenum mines in North America, also located in British Columbia.
Average Trading Volume: 14,222
Technical Sentiment Signal: Sell
Current Market Cap: C$10.12M
Find detailed analytics on MOO stock on TipRanks’ Stock Analysis page.