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Silver Mines Limited ( (AU:SVL) ) just unveiled an announcement.
Silver Mines Limited has announced the issuance of 233,334 new ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code SVL. This move is part of the company’s strategic efforts to enhance its capital structure and potentially improve its market position by leveraging additional financial resources.
The most recent analyst rating on (AU:SVL) stock is a Buy with a A$0.28 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 the exploration and development of silver deposits. The company is engaged in the production and sale of silver, positioning itself within the precious metals market.
Average Trading Volume: 14,655,001
Technical Sentiment Signal: Buy
Current Market Cap: A$407.2M
Learn more about SVL stock on TipRanks’ Stock Analysis page.