ASX:AISMetals and Mining
Aeris Resources (ASX:AIS): Reviewing Valuation After Its Major Follow-On Equity Raise
Aeris Resources (ASX:AIS) has just wrapped up a follow on equity offering, raising about A$21.6 million by issuing nearly 48 million new ordinary shares at A$0.45, reshaping its balance sheet.
See our latest analysis for Aeris Resources.
That capital raise lands after a powerful run, with the latest A$0.535 quote coming off a roughly 46 percent 3 month share price return and a near tripling year to date. Longer term total shareholder returns remain more muted, so momentum still looks firmly...