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Silver Mines Limited ( (AU:SVL) ) has shared an announcement.
Silver Mines Limited has issued 1,992,754 fully paid ordinary shares at $0.1196 per share upon the exercise of options, with the new shares being issued without a prospectus under provisions of the Corporations Act. The company confirms it is up to date with its financial reporting and continuous disclosure obligations and states there is currently no excluded information materially affecting investors’ assessment of the company, noting that results from ongoing exploration at Bowdens and other projects are still incomplete and will be released when available in line with disclosure rules, which may subsequently impact the company’s share price.
The most recent analyst rating on (AU:SVL) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Silver Mines Limited stock, see the AU:SVL Stock Forecast page.
More about Silver Mines Limited
Silver Mines Limited is an Australian resources company focused on the exploration and development of silver assets, including its flagship Bowdens Silver Project and a portfolio of other exploration projects. The company operates within the mining and exploration sector, targeting silver and associated minerals in New South Wales with an emphasis on advancing its projects through ongoing drilling and evaluation programs.
YTD Price Performance: -4.55%
Average Trading Volume: 17,884,523
Technical Sentiment Signal: Buy
Current Market Cap: A$450.4M
See more insights into SVL stock on TipRanks’ Stock Analysis page.