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An update from St. George Mining Ltd. ( (AU:SGQ) ) is now available.
St George Mining Limited has issued 4,328,100 fully paid ordinary shares following the conversion of options exercisable at $0.04 per share, confirming that the issuance was conducted without a prospectus while remaining compliant with relevant Australian corporate reporting and disclosure requirements. The company also highlighted that exploration at its Araxa Project is in progress, with results to be evaluated and released under its continuous disclosure obligations, signalling ongoing operational activity that may influence its resource portfolio and future development plans.
The most recent analyst rating on (AU:SGQ) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on St. George Mining Ltd. stock, see the AU:SGQ Stock Forecast page.
More about St. George Mining Ltd.
St George Mining Limited is an Australia-based exploration company focused on mineral projects, including its Araxa Project, where an exploration program is currently underway. The company is listed on the ASX and operates within the mining and resources sector, targeting opportunities in key mineral commodities through exploration activities.
Average Trading Volume: 28,608,474
Technical Sentiment Signal: Buy
Current Market Cap: A$437.6M
For an in-depth examination of SGQ stock, go to TipRanks’ Overview page.