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Yandal Resources Ltd. ( (AU:YRL) ) just unveiled an update.
Yandal Resources Ltd. has completed the sale of its Gordons Gold Project Tenement, receiving a total consideration of $2.81 million, comprising cash and Horizon shares. This transaction, along with recent capital raising efforts, has significantly bolstered the company’s financial position, increasing its cash balance to approximately $18 million. This financial strength will enable Yandal to accelerate its exploration activities in the Yandal Greenstone Belt, enhancing its industry positioning and potential for future discoveries.
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. operates in the mining industry, focusing on gold exploration and development. The company is engaged in exploring the Yandal Greenstone Belt, a region known for its rich mineral deposits.
Average Trading Volume: 652,496
Technical Sentiment Signal: Buy
Current Market Cap: A$100.7M
For detailed information about YRL stock, go to TipRanks’ Stock Analysis page.