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An update from Sunstone Metals Limited ( (AU:STM) ) is now available.
Sunstone Metals Limited has announced the quotation of 2,250,000 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move follows the exercise of options or conversion of other convertible securities, indicating a strategic step to increase liquidity and potentially enhance the company’s market presence.
The most recent analyst rating on (AU:STM) stock is a Buy with a A$0.05 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 engaged in the production and exploration of metals, with a market focus on expanding its resource base and enhancing shareholder value.
YTD Price Performance: 130.0%
Average Trading Volume: 10,628,848
Technical Sentiment Signal: Hold
Current Market Cap: A$146.4M
Learn more about STM stock on TipRanks’ Stock Analysis page.