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Sayona Mining ( (AU:SYA) ) has issued an announcement.
Sayona Mining Limited has issued 2,156,250,000 new fully paid ordinary shares at an issue price of A$0.032 per share to Resource Capital Fund VIII L.P. This issuance is part of a conditional institutional placement previously announced and approved by shareholders. The company has complied with relevant provisions of the Corporations Act, and there is no excluded information as per the Act. This move is expected to bolster Sayona Mining’s financial position and support its strategic initiatives.
The most recent analyst rating on (AU:SYA) stock is a Buy with a A$0.03 price target. To see the full list of analyst forecasts on Sayona Mining stock, see the AU:SYA Stock Forecast page.
More about Sayona Mining
Average Trading Volume: 44,815,548
Technical Sentiment Signal: Sell
Current Market Cap: A$640M
See more insights into SYA stock on TipRanks’ Stock Analysis page.