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Silver Mines Limited ( (AU:SVL) ) has provided an announcement.
Silver Mines Limited has issued 902,784 fully paid ordinary shares at a price of $0.1196 per share following the exercise of options. This issuance was conducted without disclosure under specific sections of the Corporations Act, and the company has no ‘excluded information’ that would affect investor decisions. The ongoing exploration results from the Bowdens Silver Project and other sites are yet to be disclosed, which could impact the market price of shares once available.
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 silver exploration and development. The company is engaged in exploration programs at its Bowdens Silver Project and other sites, aiming to expand its resource base and strengthen its market position.
YTD Price Performance: 156.41%
Average Trading Volume: 14,242,487
Technical Sentiment Signal: Buy
Current Market Cap: A$428.5M
See more insights into SVL stock on TipRanks’ Stock Analysis page.