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The latest update is out from Strategic Minerals ( (GB:SML) ).
Strategic Minerals PLC announced the exercise of warrants for 20 million new ordinary shares, raising £100,000. The new shares are set to be admitted to trading on AIM, increasing the company’s total voting rights to 2,369,297,949. This move reflects the company’s ongoing efforts to strengthen its financial position and expand its shareholder base, potentially impacting its operational capabilities and market presence.
The most recent analyst rating on (GB:SML) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Strategic Minerals stock, see the GB:SML Stock Forecast page.
Spark’s Take on GB:SML Stock
According to Spark, TipRanks’ AI Analyst, GB:SML is a Neutral.
Strategic Minerals’ strong financial recovery and bullish technical indicators are key strengths, though high valuation and historical volatility pose risks. The absence of earnings call insights and corporate events limits additional context.
To see Spark’s full report on GB:SML stock, click here.
More about Strategic Minerals
Strategic Minerals PLC is an AIM-quoted minerals company engaged in the exploration and production of strategic projects in the UK, United States, and Australia. The company owns Cornwall Resources Limited and the Redmoor Tungsten-Tin-Copper Project in the UK, and has distribution rights to the Cobre magnetite project in New Mexico, USA. It also acquired the Leigh Creek Copper Mine in South Australia.
Average Trading Volume: 40,336,374
Technical Sentiment Signal: Buy
Current Market Cap: £37.59M
See more data about SML stock on TipRanks’ Stock Analysis page.