29metals Ltd. (AU:29M) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
29Metals Ltd. has initiated a trading halt on its shares pending an announcement regarding a proposed equity capital raising through a non-renounceable entitlement offer and placement. The halt will remain until the company releases further details or until trading resumes on December 5, 2024. Investors are keenly watching for updates on the institutional component of this capital move.
For further insights into AU:29M stock, check out TipRanks’ Stock Analysis page.