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VBX Limited ( (AU:VBX) ) has shared an update.
VBX Limited has successfully commenced trading on the ASX following an oversubscribed $10 million IPO, signaling strong investor confidence. The company is advancing its Wuudagu Bauxite Project, which boasts significant financial metrics and competitive advantages due to its high-grade product and strategic location. With favorable market conditions and a robust work program planned, VBX is well-positioned to capitalize on growing bauxite demand, particularly from China, while maintaining a strong cash position and no debt.
The most recent analyst rating on (AU:VBX) stock is a Buy with a A$1.60 price target. To see the full list of analyst forecasts on VBX Limited stock, see the AU:VBX Stock Forecast page.
More about VBX Limited
VBX Limited is a company operating in the bauxite mining industry, focusing on the development of the Wuudagu Bauxite Project in northern Western Australia. The company aims to produce high-grade, low-silica bauxite for export, leveraging efficient logistics and a favorable market environment.
Average Trading Volume: 511,496
See more data about VBX stock on TipRanks’ Stock Analysis page.