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Tambourah Metals Ltd ( (AU:TMB) ) has issued an update.
Tambourah Metals Ltd has announced a proposed issue of securities, including 10 million unlisted options with an exercise price of $0.25 and 500,000 unlisted options with an exercise price of $0.04, both expiring on November 30, 2027. This move is likely aimed at raising capital to support the company’s ongoing operations and strategic initiatives, potentially impacting its financial position and market competitiveness.
The most recent analyst rating on (AU:TMB) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Tambourah Metals Ltd stock, see the AU:TMB Stock Forecast page.
More about Tambourah Metals Ltd
Tambourah Metals Ltd operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the extraction and processing of various metals, catering to market demands for raw materials.
Average Trading Volume: 5,506,397
Technical Sentiment Signal: Buy
Current Market Cap: A$23.9M
Learn more about TMB stock on TipRanks’ Stock Analysis page.