Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Silver Mines Limited ( (AU:SVL) ) has shared an announcement.
Silver Mines Limited has issued 193,487 fully paid ordinary shares at $0.145 per share upon the exercise of options, with the new shares being issued without a prospectus under relevant Australian Corporations Act provisions. The company confirmed it is compliant with its financial reporting and continuous disclosure obligations and noted that it continues exploration at its Bowdens Silver Project and other sites, with results still incomplete and not yet suitable for release, meaning there is currently no additional material information required for investors to assess its financial position or the rights attached to the new shares.
The most recent analyst rating on (AU:SVL) stock is a Hold with a A$0.22 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 and related minerals, with its flagship Bowdens Silver Project and other exploration projects forming the core of its asset base.
Average Trading Volume: 22,997,757
Technical Sentiment Signal: Buy
Current Market Cap: A$526.4M
For a thorough assessment of SVL stock, go to TipRanks’ Stock Analysis page.