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An announcement from Red Metal Limited ( (AU:RDM) ) is now available.
Red Metal Limited announced the issuance of unquoted equity securities, comprising 10 million options exercisable at 20 cents each and 6.5 million options at 16 cents each, both set to expire in November 2028. This move is likely to impact the company’s capital structure and could provide additional financial resources for its ongoing and future projects, potentially strengthening its position in the competitive mining industry.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Red Metal Limited stock, see the AU:RDM Stock Forecast page.
More about Red Metal Limited
Red Metal Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in the discovery and production of metals, with a particular emphasis on copper and other base metals, aiming to enhance its market position in the resource sector.
Average Trading Volume: 496,099
Technical Sentiment Signal: Sell
Current Market Cap: A$47.94M
See more data about RDM stock on TipRanks’ Stock Analysis page.