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Silver Mines Limited ( (AU:SVL) ) has issued an update.
Silver Mines Limited has issued 108,696 fully paid ordinary shares at a price of $0.1196 per share, following the exercise of options. The company has complied with relevant provisions of the Corporations Act and is continuing its exploration programs, with results yet to be disclosed. This issuance and ongoing exploration may impact the market price of shares, reflecting the company’s strategic efforts to strengthen its operations and market presence.
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 is a company operating in the mining industry, focusing on the exploration and development of silver projects. The company is engaged in ongoing exploration programs, notably at its Bowdens Silver Project, aiming to enhance its market position in the silver mining sector.
Average Trading Volume: 7,003,696
Technical Sentiment Signal: Buy
Current Market Cap: A$329.9M
Learn more about SVL stock on TipRanks’ Stock Analysis page.