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Horizon Minerals Ltd ( (AU:HRZ) ) just unveiled an update.
Horizon Minerals Ltd has issued 25 million fully paid ordinary shares at $0.04 each to Nebari Gold Fund 1, LP as partial repayment of a Convertible Loan Facility. This strategic move, approved by shareholders, is part of the company’s financial management efforts and complies with relevant ASX and Corporations Act regulations, potentially impacting its financial stability and investor confidence.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
More about Horizon Minerals Ltd
Horizon Minerals Ltd is a company operating in the mining industry, primarily focusing on the exploration and development of mineral resources, particularly gold. The company is listed on the Australian Securities Exchange (ASX) under the ticker HRZ.
YTD Price Performance: 47.50%
Average Trading Volume: 6,222,384
Technical Sentiment Signal: Buy
Current Market Cap: A$175.2M
For an in-depth examination of HRZ stock, go to TipRanks’ Overview page.