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Polymetals Resources Ltd. ( (AU:POL) ) has shared an update.
Polymetals Resources Ltd has announced the issuance of 39,500,000 shares through a share placement and an additional 1,250,000 shares via the exercise of unlisted options. This move, aimed at exempt investors, was conducted without disclosure under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant legislative provisions, indicating a strategic capital raising effort to potentially enhance its market position.
The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.
More about Polymetals Resources Ltd.
Average Trading Volume: 1,107,723
Technical Sentiment Signal: Buy
Current Market Cap: A$295.9M
Learn more about POL stock on TipRanks’ Stock Analysis page.