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Ora Gold ( (AU:NMG) ) has issued an update.
New Murchison Gold Limited has issued 20 million fully paid ordinary shares following the exercise of vested options, modestly increasing its share base as it advances its gold exploration activities. The company confirmed the shares were issued without a prospectus under the Corporations Act’s disclosure exemptions and stated it is up to date with its financial reporting and continuous disclosure obligations, signalling regulatory compliance and transparency to shareholders and potential investors.
The most recent analyst rating on (AU:NMG) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Ora Gold stock, see the AU:NMG Stock Forecast page.
More about Ora Gold
New Murchison Gold Limited is an Australian gold exploration and development company focused on the Garden Gully Gold Project in Western Australia. The Perth-based miner is listed on the ASX under the code NMG and targets growth in the gold sector through exploration and project development activities.
YTD Price Performance: 26.00%
Average Trading Volume: 28,781,112
Technical Sentiment Signal: Buy
Current Market Cap: A$660.2M
For an in-depth examination of NMG stock, go to TipRanks’ Overview page.