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Ausgold Limited ( (AU:AUC) ) has issued an announcement.
Ausgold Limited has announced the issuance of 2,833,334 fully paid ordinary securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code AUC. This move is part of the company’s strategy to strengthen its financial position and potentially expand its operations, reflecting its commitment to growth and value creation for its stakeholders.
The most recent analyst rating on (AU:AUC) stock is a Buy with a A$2.05 price target. To see the full list of analyst forecasts on Ausgold Limited stock, see the AU:AUC Stock Forecast page.
More about Ausgold Limited
Ausgold Limited operates in the mining industry, focusing on the exploration and development of gold resources. The company is primarily involved in the extraction and production of gold, aiming to enhance its market presence in the precious metals sector.
YTD Price Performance: 128.57%
Average Trading Volume: 1,032,379
Technical Sentiment Signal: Buy
Current Market Cap: A$410.5M
Learn more about AUC stock on TipRanks’ Stock Analysis page.