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The latest update is out from Strickland Metals Ltd ( (AU:STK) ).
Strickland Metals Limited has issued 54,945,055 fully paid ordinary shares at $0.091 per share to a subsidiary of Zijin Mining Group Co., Ltd. This strategic placement is part of the company’s ongoing efforts to support its exploration activities. The company is currently unable to release complete results from its drilling programs due to outstanding assays, but will provide updates in accordance with continuous disclosure obligations.
More about Strickland Metals Ltd
Strickland Metals Limited is involved in the mining industry, focusing on exploration and development projects. The company is actively engaged in drilling and exploration programs at its Rogozna Project in Serbia and Yandal Project in Western Australia.
YTD Price Performance: 18.75%
Average Trading Volume: 2,806,015
Technical Sentiment Signal: Sell
Current Market Cap: A$209.7M
For a thorough assessment of STK stock, go to TipRanks’ Stock Analysis page.