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The latest update is out from Alien Metals Ltd ( (GB:UFO) ).
Alien Metals Ltd has issued 43,263,541 new common shares to employees and consultants in lieu of payments totaling £29,500. These shares are set to commence trading on AIM, increasing the company’s total share count to 9,270,153,897. This move is part of the company’s ongoing efforts to manage its financial obligations and maintain operational momentum in its mining projects.
More about Alien Metals Ltd
Alien Metals Ltd is a mining exploration and development company listed on the AIM market of the London Stock Exchange. The company focuses on delivering a profitable direct shipping iron ore operation from its Hancock iron ore project in the central Pilbara region of Western Australia. Alien Metals also has interests in other iron ore exploration projects and owns one of Australia’s largest PGM deposits, Munni Munni.
Average Trading Volume: 171,422,964
Technical Sentiment Signal: Buy
Current Market Cap: £13.84M
Learn more about UFO stock on TipRanks’ Stock Analysis page.