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Silver Mines Limited ( (AU:SVL) ) just unveiled an update.
Silver Mines Limited has issued 250 million fully paid ordinary shares at $0.12 each to institutional, professional, and sophisticated investors, following a recent placement. This move is part of the company’s strategy to raise capital, although the results of its ongoing exploration programs are not yet available, which may impact the market price of shares upon their release.
The most recent analyst rating on (AU:SVL) stock is a Buy with a A$0.14 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 operates in the mining industry, focusing primarily on silver exploration and development. The company is engaged in ongoing exploration programs, particularly at its Bowdens Silver Project.
YTD Price Performance: 53.85%
Average Trading Volume: 7,828,289
Technical Sentiment Signal: Hold
Current Market Cap: A$221.4M
For an in-depth examination of SVL stock, go to TipRanks’ Overview page.