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VHM Limited ( (AU:VHM) ) just unveiled an update.
VHM Limited has announced a Share Purchase Plan (SPP) for eligible shareholders in Australia and New Zealand, aiming to raise approximately A$1.0 million. The SPP allows shareholders to purchase new shares at a discounted price of A$0.35 per share, matching the recent placement price. The funds from the SPP, along with A$10.3 million raised from a placement, will support the Goschen Project’s early engineering works, land acquisition, and operating costs. This initiative reflects VHM’s strategic efforts to advance its project development and strengthen its financial position.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 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 is a company listed on the Australian Securities Exchange (ASX) that focuses on projects such as the Goschen Project. The company is involved in engineering works, procurement, land acquisition, and finalizing offtake and financing arrangements.
Average Trading Volume: 832,156
Technical Sentiment Signal: Hold
Current Market Cap: A$90.71M
See more insights into VHM stock on TipRanks’ Stock Analysis page.