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VHM Limited ( (AU:VHM) ) just unveiled an announcement.
VHM Limited announced the successful completion of its non-underwritten share purchase plan (SPP), which raised $355,000 through the issuance of 1,420,000 new shares at $0.25 each. The funds, combined with proceeds from a prior placement, will support ongoing work programs and provide working capital as the company progresses towards a final investment decision, reflecting its strategic focus on project advancement and risk mitigation.
The most recent analyst rating on (AU:VHM) stock is a Buy with a A$1.15 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
More about VHM Limited
VHM Limited operates in the industry of mineral exploration and development. The company focuses on advancing its projects towards final investment decisions, with an emphasis on engineering and risk management.
Average Trading Volume: 264,815
Technical Sentiment Signal: Sell
Current Market Cap: A$59.26M
For a thorough assessment of VHM stock, go to TipRanks’ Stock Analysis page.