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Mount Ridley Mines Limited ( (AU:MRD) ) just unveiled an update.
Mount Ridley Mines Limited has issued 41,975,890 new shares, as detailed in its latest Appendix 2A, and has lodged a cleansing notice confirming that the securities were issued without a disclosure document under the Corporations Act provisions for such placements. The company affirmed it remains compliant with its financial reporting and continuous disclosure obligations and stated there is no excluded information requiring disclosure, indicating that the capital raising has been structured within existing regulatory frameworks and without undisclosed material information for investors.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
More about Mount Ridley Mines Limited
Mount Ridley Mines Limited (ASX: MRD) is an Australian-listed resources company engaged in mineral exploration and development, operating within the mining and exploration industry and focused on advancing its portfolio of mineral assets in Western Australia.
Average Trading Volume: 28,783,937
Technical Sentiment Signal: Sell
Current Market Cap: A$47.29M
See more insights into MRD stock on TipRanks’ Stock Analysis page.