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Peel Mining Limited ( (AU:PEX) ) has shared an announcement.
Peel Mining Limited announced the completion of a share placement, issuing 71,176,471 fully paid ordinary shares at $0.085 each to directors, institutional, professional, and sophisticated investors. This move, previously approved by shareholders, also included the conversion of options to shares for directors, employees, and consultants, enhancing the company’s capital structure and potentially strengthening its market position.
The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.
More about Peel Mining Limited
Peel Mining Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is based in West Perth, Western Australia, and engages with institutional, professional, and sophisticated investors.
Average Trading Volume: 2,080,463
Technical Sentiment Signal: Buy
Current Market Cap: A$91.42M
For an in-depth examination of PEX stock, go to TipRanks’ Overview page.