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The latest announcement is out from Sunstone Metals Limited ( (AU:STM) ).
Sunstone Metals Limited has announced the issuance of 4,387,750 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code STM. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market positioning, offering stakeholders an opportunity to engage with the company’s growth initiatives.
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 primarily deals with the extraction and production of metals, positioning itself in the market as a key player in the mining sector.
YTD Price Performance: 100%
Average Trading Volume: 9,424,049
Technical Sentiment Signal: Hold
Current Market Cap: A$123.4M
Learn more about STM stock on TipRanks’ Stock Analysis page.