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AusQuest Limited ( (AU:AQD) ) has issued an update.
AusQuest Limited has announced a successful placement of approximately 208.3 million new shares, raising A$7.5 million to accelerate drilling activities at its Cangallo copper-gold project in Peru. The funding, supported by institutional and professional investors, will also facilitate further exploration at nearby projects and strengthen the company’s balance sheet, positioning it for growth in the mining sector.
More about AusQuest Limited
AusQuest Limited is a company operating in the mining industry with a focus on exploration projects. Its primary activities include the discovery and development of copper-gold porphyry deposits, particularly in Peru and Australia.
YTD Price Performance: 79.17%
Average Trading Volume: 22,296,138
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$49.77M
For detailed information about AQD stock, go to TipRanks’ Stock Analysis page.
