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Southern Palladium Ltd. ( (AU:SPD) ) just unveiled an announcement.
Southern Palladium Limited has announced a trading halt on the Australian Securities Exchange (ASX) as it prepares for a capital raising through a share placement. This halt will remain until the company announces the outcome of the placement or until trading resumes on 12 June 2025. However, the Johannesburg Stock Exchange has not declared a similar halt, prompting caution among investors trading in the company’s securities. This move is significant for Southern Palladium as it aims to secure additional capital, potentially impacting its financial strategy and stakeholder interests.
More about Southern Palladium Ltd.
Southern Palladium Limited operates in the mining industry, focusing on the exploration and development of palladium resources. The company is listed on both the Australian Securities Exchange (ASX) and the Johannesburg Stock Exchange (JSE), indicating its market focus spans both Australia and South Africa.
Average Trading Volume: 51,355
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$45.47M
For an in-depth examination of SPD stock, go to TipRanks’ Stock Analysis page.