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An announcement from Sunrise Energy Metals ( (AU:SRL) ) is now available.
Sunrise Energy Metals Limited has announced the issuance of 5,000,000 fully paid ordinary shares following the conversion of unlisted options, as part of a placement announced earlier in April 2025. This move is in compliance with the Corporations Act and signifies the company’s ongoing efforts to strengthen its financial position, potentially impacting its market standing and providing further opportunities for stakeholders.
The most recent analyst rating on (AU:SRL) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Sunrise Energy Metals stock, see the AU:SRL Stock Forecast page.
More about Sunrise Energy Metals
Sunrise Energy Metals Limited is engaged in developing the Syerston Scandium Project in New South Wales, Australia, with the goal of becoming the world’s first source of mineable, high-grade scandium. Additionally, the company owns the Sunrise Nickel-Cobalt Project, which is recognized as one of the largest and most cobalt-rich nickel laterite deposits globally.
Average Trading Volume: 508,817
Technical Sentiment Signal: Buy
Current Market Cap: A$394.8M
For detailed information about SRL stock, go to TipRanks’ Stock Analysis page.