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Viridis Mining and Minerals Limited ( (AU:VMM) ) just unveiled an update.
Viridis Mining and Minerals has requested a trading halt on its securities on the ASX, effective from 16 March 2026, as it prepares to release an announcement regarding a capital raising. Trading in VMM shares will remain suspended until either the capital raising announcement is made or normal trading commences on 18 March 2026, signalling an imminent funding move that could influence the company’s growth plans and investor positioning.
The company has stated it is unaware of any reason the halt should not be granted and confirmed there is no further information it can currently provide to the market. The impending capital raising is expected to be a key development for stakeholders, as it may impact Viridis’s balance sheet strength, its capacity to advance projects, and the valuation outlook for existing shareholders once details are disclosed.
The most recent analyst rating on (AU:VMM) stock is a Hold with a A$2.00 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 is an Australian resources company listed on the ASX under the code VMM. The company operates in the mining and minerals sector, focusing on the exploration and development of mineral assets, with its corporate offices based in Perth, Western Australia.
Average Trading Volume: 988,576
Technical Sentiment Signal: Buy
Current Market Cap: A$248M
Find detailed analytics on VMM stock on TipRanks’ Stock Analysis page.