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Sky Metals Limited ( (AU:SKY) ) has provided an update.
Sky Metals Ltd has successfully issued 84,615,388 fully paid ordinary shares to institutional, sophisticated, and professional investors at a price of A$0.065 per share. This strategic move is part of the company’s capital raising efforts, which could enhance its operational capabilities and strengthen its market position. The issuance was conducted without disclosure under specific provisions of the Corporations Act, indicating compliance with relevant regulations and transparency in operations.
The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.
More about Sky Metals Limited
Sky Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with metals and aims to cater to institutional, sophisticated, and professional investors in the market.
Average Trading Volume: 812,593
Technical Sentiment Signal: Buy
Current Market Cap: A$48.85M
See more insights into SKY stock on TipRanks’ Stock Analysis page.