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The latest update is out from FireFly Metals ( (AU:FFM) ).
FireFly Metals Ltd has announced significant growth prospects through its drilling operations, with plans to increase its drilling rigs to seven. The company holds a dominant position in a major copper and gold mineral district, with substantial inferred and measured resources. This expansion is expected to enhance its industry positioning and offer potential benefits to stakeholders by leveraging its exceptional infrastructure and skilled workforce.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$1.75 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
More about FireFly Metals
FireFly Metals Ltd operates in the mining industry, focusing on the exploration and development of copper and gold resources. The company is positioned in a major mineral district with a strong infrastructure, including operational underground facilities, a processing plant, and access to low-cost hydro power. It benefits from being located in Canada, a tier-one mining jurisdiction.
YTD Price Performance: 1.62%
Average Trading Volume: 2,110,270
Technical Sentiment Signal: Buy
Current Market Cap: A$540M
Learn more about FFM stock on TipRanks’ Stock Analysis page.