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An update from MC Mining Ltd ( (AU:MCM) ) is now available.
MC Mining Ltd has issued 47,879,095 fully paid ordinary shares to a subsidiary of Kinetic Development Group Limited, a company listed on the Hong Kong Stock Exchange. This strategic move, executed without disclosure under the Corporations Act, signifies a significant capital transaction aimed at enhancing the company’s financial standing and operational capabilities, potentially impacting its market positioning and stakeholder interests.
More about MC Mining Ltd
MC Mining Ltd is involved in the mining industry, focusing on the extraction and development of coal resources. The company operates primarily in the coal sector, catering to energy markets and industrial needs.
Average Trading Volume: 20,861
Technical Sentiment Signal: Sell
Current Market Cap: A$80.46M
See more insights into MCM stock on TipRanks’ Stock Analysis page.