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Aeris Resources Limited ( (AU:AIS) ) has provided an update.
Aeris Resources Limited has announced an equity capital raising initiative involving a non-underwritten placement of new shares to sophisticated and professional investors, alongside a share purchase plan for eligible shareholders in Australia and New Zealand. This move aims to strengthen the company’s financial position and support its strategic objectives, although it comes with inherent risks and legal restrictions on distribution outside Australia.
The most recent analyst rating on (AU:AIS) stock is a Hold with a A$0.50 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
Average Trading Volume: 5,911,680
Technical Sentiment Signal: Buy
Current Market Cap: A$451.7M
Find detailed analytics on AIS stock on TipRanks’ Stock Analysis page.