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Ragusa Minerals Ltd ( (AU:RAS) ) just unveiled an update.
Ragusa Minerals Ltd has issued 20 million new fully paid ordinary shares without a prospectus, relying on provisions of the Australian Corporations Act that allow such placements to be made to investors without full disclosure. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations and stated it is not holding any undisclosed price-sensitive information, signalling to the market that the capital raising has been conducted within regulatory requirements and without hidden risks for existing shareholders.
The most recent analyst rating on (AU:RAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragusa Minerals Ltd stock, see the AU:RAS Stock Forecast page.
More about Ragusa Minerals Ltd
Average Trading Volume: 317,771
Technical Sentiment Signal: Hold
Current Market Cap: A$6.24M
See more data about RAS stock on TipRanks’ Stock Analysis page.