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QMines Ltd. ( (AU:QML) ) has issued an update.
QMines Ltd. has announced the issuance of 20 million unlisted options, exercisable at $0.0825 and expiring on December 15, 2028. This strategic move is expected to strengthen the company’s financial position and provide additional capital for its ongoing mining projects, potentially impacting its market presence and stakeholder interests positively.
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 Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the production of various minerals, with a market focus on enhancing its mining capabilities and expanding its resource base.
YTD Price Performance: -7.41%
Average Trading Volume: 1,897,500
Technical Sentiment Signal: Sell
Current Market Cap: A$31.72M
See more insights into QML stock on TipRanks’ Stock Analysis page.