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Silver Mines Limited ( (AU:SVL) ) has shared an announcement.
Silver Mines Limited has issued 1,702,900 fully paid ordinary shares at $0.1196 per share following the exercise of options, with the new shares issued without a prospectus under specific provisions of the Corporations Act. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations and stated there is currently no excluded information material to assessing the company or the rights attached to the new shares, noting that exploration results from its Bowdens Silver Project and other programs remain incomplete and will be disclosed when available, which may impact the share price once released.
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 and related minerals, including its flagship Bowdens Silver Project and other exploration prospects. The company operates within the mining and exploration sector, targeting the discovery and advancement of silver deposits to support future production and market participation in the precious metals industry.
Average Trading Volume: 20,665,405
Technical Sentiment Signal: Buy
Current Market Cap: A$515.2M
For detailed information about SVL stock, go to TipRanks’ Stock Analysis page.