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S2 Resources ( (AU:S2R) ) just unveiled an announcement.
S2 Resources Limited has successfully completed the first tranche of its share placement, issuing over 40 million shares at $0.072 each to raise approximately $2.89 million. This move, aimed at strengthening its financial position, was executed under the company’s existing placement capacity and is part of a larger placement plan, with the second tranche pending shareholder approval in August 2025.
The most recent analyst rating on (AU:S2R) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on S2 Resources stock, see the AU:S2R Stock Forecast page.
More about S2 Resources
S2 Resources Limited is a company operating in the mining and resources industry, focusing on the exploration and development of mineral resources. The company primarily engages in the discovery and development of gold, nickel, and other base metals, catering to institutional, sophisticated, and professional investors.
Average Trading Volume: 765,041
Technical Sentiment Signal: Sell
Current Market Cap: A$32.61M
For an in-depth examination of S2R stock, go to TipRanks’ Overview page.