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St. Barbara ( (AU:SBM) ) has provided an announcement.
St Barbara Limited, a company listed on the Australian Securities Exchange (ASX) under the ticker SBM, has announced a capital raising initiative through a placement of new fully paid ordinary shares valued at approximately A$58.0 million. This move is aimed at strengthening the company’s financial position, although the presentation does not constitute a formal offer or recommendation for investment. The company emphasizes that the information provided is for informational purposes only and should not be considered as financial advice.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
More about St. Barbara
Average Trading Volume: 7,296,676
Technical Sentiment Signal: Buy
Current Market Cap: A$639.4M
See more insights into SBM stock on TipRanks’ Stock Analysis page.