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An announcement from Ora Gold ( (AU:NMG) ) is now available.
New Murchison Gold Limited has successfully issued 235,294,118 fully paid ordinary shares to strategic, institutional, and sophisticated investors as part of a placement approved by shareholders. This move aims to strengthen the company’s capital base and enhance its market position, reflecting confidence from investors and potentially impacting its future growth and development in the gold mining sector.
More about Ora Gold
New Murchison Gold Limited operates in the mining industry, focusing on gold exploration and development. The company’s primary project is the Garden Gully Gold Project, and it is publicly traded on the ASX under the code NMG.
YTD Price Performance: 63.64%
Average Trading Volume: 13,430,420
Technical Sentiment Signal: Buy
Current Market Cap: A$188.6M
For an in-depth examination of NMG stock, go to TipRanks’ Overview page.