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An update from St. Barbara ( (AU:SBM) ) is now available.
St Barbara Limited has successfully completed an institutional placement, issuing 126,086,957 fully paid ordinary shares at $0.46 per share to professional and sophisticated investors. This move is part of the company’s strategic financial activities, potentially impacting its market positioning by enhancing capital resources without requiring disclosure under Part 6D.2 of the Corporations Act.
The most recent analyst rating on (AU:SBM) stock is a Buy with a A$0.95 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
More about St. Barbara
St Barbara Limited is a company operating in the mining industry, primarily focused on gold production and exploration. It is listed on the Australian Securities Exchange under the code SBM and is headquartered in Perth, Western Australia.
YTD Price Performance: 166.67%
Average Trading Volume: 8,320,830
Technical Sentiment Signal: Buy
Current Market Cap: A$650.2M
For a thorough assessment of SBM stock, go to TipRanks’ Stock Analysis page.