Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Polymetals Resources Ltd. ( (AU:POL) ) has shared an update.
Polymetals Resources Ltd has announced a Share Purchase Plan (SPP) following a successful institutional placement that raised $35 million. The SPP allows eligible shareholders in Australia and New Zealand to purchase new shares at $0.80 each, aiming to raise up to $3.2 million without incurring additional transaction costs. This initiative is expected to strengthen the company’s capital structure and support its strategic growth plans, offering existing shareholders a chance to increase their investment in the company.
More about Polymetals Resources Ltd.
Polymetals Resources Ltd is a company operating in the mining and resources industry, focusing on the exploration and development of mineral assets. The company is listed on the Australian Securities Exchange (ASX) under the ticker POL and aims to expand its market presence by leveraging investments and share acquisitions.
YTD Price Performance: 1.26%
Average Trading Volume: 256,885
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$159.1M
See more data about POL stock on TipRanks’ Stock Analysis page.
