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Silver Mines Limited ( (AU:SVL) ) has issued an announcement.
Silver Mines Limited has issued 4,591,969 fully paid ordinary shares at an issue price of $0.1196 per share, following the exercise of options. This issuance was conducted without disclosure to investors under specific provisions of the Corporations Act. The company is continuing its exploration programs, but results are not yet available for release. The market price of shares may fluctuate based on future announcements of exploration results.
The most recent analyst rating on (AU:SVL) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Silver Mines Limited stock, see the AU:SVL Stock Forecast page.
More about Silver Mines Limited
Silver Mines Limited operates in the mining industry, focusing primarily on the exploration and development of silver projects. The company is involved in ongoing exploration programs, particularly at its Bowdens Silver Project.
Average Trading Volume: 8,541,834
Technical Sentiment Signal: Buy
Current Market Cap: A$436.4M
For an in-depth examination of SVL stock, go to TipRanks’ Overview page.