TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An announcement from Yandal Resources Ltd. ( (AU:YRL) ) is now available.
Yandal Resources Ltd has completed the sale of its Gordons Gold Project to Horizon Minerals Limited, receiving a total consideration of $2.81 million in cash and shares. This transaction, along with the exercise of unlisted options and a recent capital raising, has significantly boosted Yandal’s cash reserves to approximately $18 million. This financial strengthening positions the company to accelerate exploration efforts across key projects, including the Arrakis Discovery and the Flushing Meadows deposit, enhancing its strategic positioning in the gold exploration sector.
The most recent analyst rating on (AU:YRL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Yandal Resources Ltd. stock, see the AU:YRL Stock Forecast page.
More about Yandal Resources Ltd.
Yandal Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of gold projects. The company is actively involved in exploring the Yandal Greenstone Belt, a region known for its rich mineral resources.
Average Trading Volume: 652,496
Technical Sentiment Signal: Buy
Current Market Cap: A$100.7M
See more insights into YRL stock on TipRanks’ Stock Analysis page.