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Nagambie Resources Limited ( (AU:NAG) ) just unveiled an update.
Nagambie Resources Limited has announced a proposed placement of up to 166,666,667 new fully paid ordinary shares, with an intended issue date of 13 March 2026. The sizable equity raising signals a move to bolster the company’s capital base, which could support future operational or strategic initiatives and potentially dilute existing shareholders, while positioning the company for expanded activity or development depending on how the funds are ultimately deployed.
The most recent analyst rating on (AU:NAG) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Nagambie Resources Limited stock, see the AU:NAG Stock Forecast page.
More about Nagambie Resources Limited
YTD Price Performance: -9.09%
Average Trading Volume: 1,511,173
Technical Sentiment Signal: Sell
Current Market Cap: A$9.57M
See more data about NAG stock on TipRanks’ Stock Analysis page.