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The latest update is out from Viridis Mining and Minerals Limited ( (AU:VMM) ).
Viridis Mining and Minerals Limited addressed a recommendation from the Brazilian public prosecutors’ office regarding the environmental licensing of its Colossus Project. Despite concerns raised, the company remains confident in the project’s environmental compliance and regulatory support, citing strong governmental backing and prior favorable assessments. In response to trading activities and to ensure compliance with disclosure obligations, Viridis requested a trading halt and voluntary suspension to clarify the situation with the Brazilian environmental authorities.
The most recent analyst rating on (AU:VMM) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on Viridis Mining and Minerals Limited stock, see the AU:VMM Stock Forecast page.
More about Viridis Mining and Minerals Limited
Viridis Mining and Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects in Brazil, with a particular emphasis on its Colossus Project, which is undergoing environmental licensing processes.
Average Trading Volume: 899,491
Technical Sentiment Signal: Buy
Current Market Cap: A$108.4M
Learn more about VMM stock on TipRanks’ Stock Analysis page.