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Pacgold Limited ( (AU:PGO) ) has issued an update.
Pacgold Limited has issued 4,775,416 fully paid ordinary shares, all within a class already quoted on the Australian Securities Exchange, and has confirmed the issuance was conducted without a prospectus in reliance on relevant provisions of the Corporations Act. The company stated it remains compliant with its continuous disclosure and financial reporting obligations and that there is no excluded information, signalling to investors that the new share issue has been carried out within existing regulatory frameworks and without undisclosed material information.
The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.
More about Pacgold Limited
Pacgold Limited is an ASX-listed mineral exploration company focused on gold and antimony projects in North Queensland and South Australia. Its flagship, 100%-owned Alice River Gold Project in Queensland covers 377km² within a large intrusion-related gold system, complemented by the St George Gold-Antimony Project where it can earn up to 100% of a 905km² tenement in a key antimony province. The company has also acquired the White Dam Gold Operation in South Australia, a turnkey asset with open-pit mines, heap leach facilities and an operational gold plant, providing a pathway to near-term production, revenue and cash flow to support ongoing growth and exploration.
Average Trading Volume: 3,502,197
Technical Sentiment Signal: Buy
Current Market Cap: A$59.64M
See more insights into PGO stock on TipRanks’ Stock Analysis page.