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Turaco Gold Ltd ( (AU:TCG) ) has shared an update.
Turaco Gold Ltd has announced a Share Purchase Plan (SPP) following a successful placement of shares to institutional investors, raising approximately $60 million. The SPP allows eligible shareholders in Australia and New Zealand to purchase up to $30,000 worth of shares at a discounted price, aiming to raise an additional $4 million. The funds will be used to advance drilling and exploration activities at the Afema Gold Project, support feasibility studies, and provide general working capital.
The most recent analyst rating on (AU:TCG) stock is a Buy with a A$0.75 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 Ltd is a company operating in the gold mining industry, focusing on exploration and development of gold resources. Its primary project is the Afema Gold Project, which includes ongoing resource drilling and exploration activities to expand and enhance its mineral resource estimates.
Average Trading Volume: 1,735,528
Technical Sentiment Signal: Buy
Current Market Cap: A$420.4M
For a thorough assessment of TCG stock, go to TipRanks’ Stock Analysis page.