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The latest update is out from Ora Gold ( (AU:NMG) ).
New Murchison Gold Limited announced the issuance of 5,200,000 fully paid ordinary shares to its employees following the exercise of vested employee options. This move, executed without disclosure to investors under specific provisions of the Corporations Act, reflects the company’s compliance with regulatory requirements and its commitment to employee incentives, potentially impacting its market capitalization and stakeholder interests.
More about Ora Gold
New Murchison Gold Limited operates in the gold mining industry, focusing on the exploration and development of gold projects. Its primary project is the Garden Gully Gold Project, and it is listed on the ASX under the code NMG.
YTD Price Performance: 190.91%
Average Trading Volume: 32,387,717
Technical Sentiment Signal: Buy
Current Market Cap: A$345.5M
Find detailed analytics on NMG stock on TipRanks’ Stock Analysis page.