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An announcement from Silver Mines Limited ( (AU:SVL) ) is now available.
Silver Mines Limited has issued 724,638 fully paid ordinary shares at a 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 actively involved in exploration programs, but the results are not yet available for release. The market price of the shares may fluctuate based on future exploration outcomes.
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 engaged in ongoing exploration programs, particularly at its Bowdens Silver Project, which is a significant aspect of its market focus.
YTD Price Performance: 117.95%
Average Trading Volume: 12,491,815
Technical Sentiment Signal: Buy
Current Market Cap: A$364M
See more insights into SVL stock on TipRanks’ Stock Analysis page.