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The latest update is out from Turaco Gold Ltd ( (AU:TCG) ).
Turaco Gold Limited has announced a proposed issue of securities, which includes a securities purchase plan and a placement. The company plans to issue a total of 144,688,128 fully paid ordinary shares, aiming to strengthen its financial position and support its growth initiatives. This move is expected to enhance Turaco Gold’s market presence and provide additional capital for its exploration and development projects, potentially benefiting stakeholders by increasing the company’s capacity to pursue new opportunities in the gold mining sector.
The most recent analyst rating on (AU:TCG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Turaco Gold Ltd stock, see the AU:TCG Stock Forecast page.
More about Turaco Gold Ltd
Turaco Gold Limited operates in the mining industry, focusing on the exploration and development of gold resources. The company is engaged in identifying and acquiring gold mining projects, aiming to expand its portfolio and capitalize on the growing demand for gold.
Average Trading Volume: 1,692,778
Technical Sentiment Signal: Hold
Current Market Cap: A$438.4M
See more data about TCG stock on TipRanks’ Stock Analysis page.
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