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Sunstone Metals Limited ( (AU:STM) ) has provided an announcement.
Sunstone Metals Limited has announced the issuance of 9,750,000 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code STM. This move is part of the company’s strategy to leverage convertible securities, potentially enhancing its market presence and providing additional capital for its ongoing projects.
The most recent analyst rating on (AU:STM) stock is a Buy with a A$0.03 price target. To see the full list of analyst forecasts on Sunstone Metals Limited stock, see the AU:STM Stock Forecast page.
More about Sunstone Metals Limited
Sunstone Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction and production of metals, with a market focus on expanding its resource base and enhancing its operational capabilities.
YTD Price Performance: 50.0%
Average Trading Volume: 8,757,842
Technical Sentiment Signal: Sell
Current Market Cap: A$91.88M
For an in-depth examination of STM stock, go to TipRanks’ Overview page.