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Ora Banda Mining ( (AU:OBM) ) has provided an announcement.
Ora Banda Mining Limited has executed full agreements with Davyston Exploration Pty Ltd for a farm-in and joint venture concerning non-gold mineral rights at the Davyhurst Project. Additionally, the company has completed a financial transaction involving the sale of a 1.5% royalty to Hawke’s Point, effectively offsetting a $4 million loan, which could positively impact the company’s financial stability and strategic positioning.
The most recent analyst rating on (AU:OBM) stock is a Buy with a A$0.85 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.
More about Ora Banda Mining
Ora Banda Mining Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in gold mining but also engages in joint ventures for non-gold mineral rights, as seen in its collaboration with Davyston Exploration Pty Ltd.
Average Trading Volume: 11,164,069
Technical Sentiment Signal: Buy
Current Market Cap: A$2.02B
For detailed information about OBM stock, go to TipRanks’ Stock Analysis page.