Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
QMines Ltd. ( (AU:QML) ) has issued an update.
QMines Limited has issued 8,490,155 fully paid ordinary shares at $0.055 each, utilizing an exemption under the Corporations Act 2001. The company is actively engaged in exploration and drilling at its Mount Mackenzie project and is considering acquiring an additional project. This strategic move could enhance its resource base and strengthen its position in the copper and gold industry.
The most recent analyst rating on (AU:QML) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on QMines Ltd. stock, see the AU:QML Stock Forecast page.
More about QMines Ltd.
QMines Limited (ASX:QML) is a Queensland-focused copper and gold development company. It owns 100% of the Mt Chalmers and Develin Creek deposits, which are located near Rockhampton, Queensland. The company aims to make new discoveries, commercialize existing deposits, and transition towards sustainable copper production.
YTD Price Performance: -7.41%
Average Trading Volume: 1,897,500
Technical Sentiment Signal: Sell
Current Market Cap: A$31.72M
For a thorough assessment of QML stock, go to TipRanks’ Stock Analysis page.