ASX:29MMetals and Mining
Assessing 29Metals (ASX:29M) Valuation After A$150 Million Equity Raising Announcement
Why 29Metals is back on investors’ radar
29Metals (ASX:29M) has launched a A$150 million non renounceable entitlement offer, fully underwritten by Macquarie Capital, to fund mining recommencement at Xantho Extended and to advance projects at Gossan Valley and Capricorn Copper.
See our latest analysis for 29Metals.
The equity raise comes after a tough recent stretch, with a 7 day share price return of 31.71% decline and a year to date share price return of 24.32% decline. However, the 1 year...