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Murchison Minerals ( (TSE:MUR) ) has issued an update.
Murchison Minerals Ltd. plans to seek shareholder approval for a share consolidation at its upcoming annual general and special meeting. The proposed consolidation aims to enhance the company’s marketability as an investment and better position it to raise necessary funds for ongoing operations and project advancements. If approved, the consolidation would reduce the number of common shares from approximately 298 million to about 15 million, subject to regulatory approval and potential adjustments by the board.
More about Murchison Minerals
Murchison Minerals Ltd. is a Canadian-based exploration company focused on the exploration and development of the 100% owned Brabant Lake zinc-copper-silver project in north-central Saskatchewan and the nickel-copper-cobalt exploration at the 100% owned HPM Project in Quebec.
YTD Price Performance: -25.00%
Average Trading Volume: 286,892
Technical Sentiment Signal: Buy
Current Market Cap: C$4.47M
For detailed information about MUR stock, go to TipRanks’ Stock Analysis page.