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Dreadnought Resources Limited ( (AU:DRE) ) has provided an announcement.
Dreadnought Resources Limited has successfully settled the second tranche of its placement, issuing 197,700,001 fully paid ordinary shares at $0.012 per share, raising $2,372,400. Additionally, 22,000,000 shares were issued to company directors, bringing their total investment to over $7 million. This capital raise, approved by shareholders, supports the company’s strategic acquisitions and strengthens its financial position, potentially enhancing its market competitiveness and stakeholder value.
The most recent analyst rating on (AU:DRE) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Dreadnought Resources Limited stock, see the AU:DRE Stock Forecast page.
More about Dreadnought Resources Limited
Dreadnought Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the acquisition and management of tenements, with a market focus on expanding its resource base and enhancing shareholder value.
Average Trading Volume: 8,471,511
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$63.18M
See more data about DRE stock on TipRanks’ Stock Analysis page.