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Sunrise Energy Metals ( (AU:SRL) ) has provided an update.
Sunrise Energy Metals Limited has issued 8,896,471 fully paid ordinary shares and an equal number of unlisted options under a recent placement. This move is part of the company’s strategic financial maneuvers, ensuring compliance with relevant corporate regulations, and it reflects the company’s ongoing efforts to strengthen its financial position and support its ambitious project developments.
The most recent analyst rating on (AU:SRL) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Sunrise Energy Metals stock, see the AU:SRL Stock Forecast page.
More about Sunrise Energy Metals
Sunrise Energy Metals Limited is focused on developing the Syerston Scandium Project in New South Wales, Australia, aiming to become the first source of mineable, high-grade scandium globally. The company also owns the Sunrise Nickel-Cobalt Project, which is recognized as one of the largest and most cobalt-rich nickel laterite deposits worldwide.
Average Trading Volume: 668,852
Technical Sentiment Signal: Buy
Current Market Cap: A$574.5M
Find detailed analytics on SRL stock on TipRanks’ Stock Analysis page.