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The latest update is out from St. George Mining Ltd. ( (AU:SGQ) ).
St George Mining has issued 2,161,213 fully paid ordinary shares following the conversion of options at exercise prices of $0.04 and $0.06 per share, confirming that the issuance was conducted without a prospectus in line with relevant provisions of the Corporations Act and that it remains compliant with ongoing reporting and disclosure obligations. The company also reiterated that exploration work is underway at its Araxá Project, with results to be evaluated and released in due course, signaling continued operational activity that may influence its project pipeline and future resource development prospects.
The most recent analyst rating on (AU:SGQ) stock is a Sell with a A$0.10 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 Australian mineral exploration company focused on advancing its portfolio of projects, including the Araxá Project, where it is currently conducting an exploration program. The company operates within the mining and resources sector, targeting the discovery and development of economically significant mineral deposits.
Average Trading Volume: 32,101,737
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$418.4M
For detailed information about SGQ stock, go to TipRanks’ Stock Analysis page.