tiprankstipranks
Trending News
More News >

Saturn Metals Issues New Shares in Strategic Capital Raise

Story Highlights
Saturn Metals Issues New Shares in Strategic Capital Raise

Confident Investing Starts Here:

Saturn Metals Ltd. ( (AU:STN) ) has provided an update.

Saturn Metals Limited has issued 29,755,525 fully paid ordinary shares at a price of $0.215 per share as part of a placement announced earlier. This move is in compliance with the Corporations Act and indicates the company’s efforts to raise capital without requiring disclosure under certain provisions, potentially impacting its financial strategy and investor relations.

The most recent analyst rating on (AU:STN) stock is a Buy with a A$0.44 price target. To see the full list of analyst forecasts on Saturn Metals Ltd. stock, see the AU:STN Stock Forecast page.

More about Saturn Metals Ltd.

Saturn Metals Limited operates in the mining industry, focusing on the exploration and development of gold projects in Australia. The company is listed on the Australian Securities Exchange under the ticker STN.

Average Trading Volume: 1,021,251

Technical Sentiment Signal: Buy

Current Market Cap: A$118.2M

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

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report 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