tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Rimfire Pacific Mining Cancels Proposed Securities Issue

Story Highlights
Rimfire Pacific Mining Cancels Proposed Securities Issue

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest announcement is out from Rimfire Pacific Mining Limited ( (AU:RIM) ).

Rimfire Pacific Mining Limited announced the cancellation of a previous securities issue under a cleansing prospectus, which was intended to facilitate secondary trading. The offer has closed without any shares being issued, indicating a potential shift in the company’s capital-raising strategy and possibly affecting its short-term financial planning and stakeholder expectations.

More about Rimfire Pacific Mining Limited

Rimfire Pacific Mining Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company primarily deals with the discovery and extraction of gold and other precious metals, aiming to enhance its market presence in the mining sector.

Average Trading Volume: 1,957,310

Technical Sentiment Signal: Sell

Current Market Cap: A$35.42M

Learn more about RIM stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1