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S2 Resources ( (AU:S2R) ) has issued an announcement.
S2 Resources Ltd has announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to purchase up to A$30,000 of new shares at $0.072 each, with an additional unlisted option attached. This initiative aims to raise capital, potentially enhancing the company’s financial position and providing shareholders with a chance to increase their investment. The company reserves the right to scale back applications if demand exceeds A$0.5 million, ensuring compliance with regulatory requirements.
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 Ltd is a company listed on the Australian Securities Exchange (ASX:S2R) that operates in the resources sector. The company focuses on exploration and development of mineral resources, with a market focus on shareholders in Australia and New Zealand.
Average Trading Volume: 765,041
Technical Sentiment Signal: Sell
Current Market Cap: A$32.61M
See more insights into S2R stock on TipRanks’ Stock Analysis page.