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An update from Aeris Resources Limited ( (AU:AIS) ) is now available.
Aeris Resources Limited has announced a proposed issue of securities, which includes an offer of 22,222,222 ordinary fully paid securities under a securities purchase plan and a separate placement of 177,777,778 ordinary fully paid securities. This strategic move is likely aimed at raising capital to support the company’s operations and growth initiatives, potentially impacting its market position and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:AIS) stock is a Buy with a A$0.66 price target. To see the full list of analyst forecasts on Aeris Resources Limited stock, see the AU:AIS Stock Forecast page.
More about Aeris Resources Limited
Aeris Resources Limited operates in the mining industry, focusing on the exploration and production of mineral resources. The company primarily deals with the extraction of copper and gold, catering to markets that demand these essential commodities.
Average Trading Volume: 5,326,575
Technical Sentiment Signal: Buy
Current Market Cap: A$505.1M
Learn more about AIS stock on TipRanks’ Stock Analysis page.