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Silver Mines Limited ( (AU:SVL) ) has provided an announcement.
Silver Mines Limited has issued 7,707,559 fully paid ordinary shares at an issue price of $0.1196 per share following the exercise of options. This issuance was conducted without disclosure to investors under the Corporations Act, and the company has ongoing exploration programs with results pending, which may impact the market price of the shares.
The most recent analyst rating on (AU:SVL) stock is a Buy with a A$0.17 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, primarily focusing on silver exploration and development. The company is engaged in ongoing exploration programs, notably at its Bowdens Silver Project, positioning itself as a key player in the silver market.
Average Trading Volume: 11,884,620
Technical Sentiment Signal: Buy
Current Market Cap: A$416.1M
See more insights into SVL stock on TipRanks’ Stock Analysis page.