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The latest update is out from VHM Limited ( (AU:VHM) ).
VHM Limited has issued 19,230,769 new fully paid ordinary shares at $0.26 each to institutional investors, expanding its capital base through a share placement. The company confirmed the shares were issued without a disclosure document under the Corporations Act, while stating it remains compliant with continuous reporting obligations and that no excluded information needs to be disclosed, signalling regulatory confidence around the capital raising for existing and new shareholders.
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 is an Australian-listed company on the ASX, operating in the resources sector. The company focuses on developing and managing mineral projects, with its securities traded publicly and placements marketed primarily to institutional investors.
Average Trading Volume: 351,706
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$77.48M
Learn more about VHM stock on TipRanks’ Stock Analysis page.