Business
Why Meteoric Resources (ASX:MEI) share price is soaring 6% higher
The Meteoric Resources NL (ASX: MEI) share price lived up to its name today, surging up 6.35% to close at 6.7 cents.
This reflects a 120% boost year-to-date and follows the company’s positive announcement on its capital raising. In comparison, the wider All Ordinaries Index (ASX: XAO) closed 0.49% down at 6866 points.
What’s lifting the Meteoric Resources share price today?
In this morning’s ASX release, Meteoric Resources announced a successful capital raising to accelerate its drilling programs.
The company reported it has firm commitments to raise up to $4 million before costs at an issue price of 5.7 cents per share to sophisticated and professional investors. That includes $2 million from an investment syndicate…
-
Noosa News13 hours agoReubhan Ralph identified as man behind terrifying childcare centre incident in Peregian Springs on the Sunshine Coast
-
General11 hours agoPolice say new leads being pursued after baby’s body found in Alexander Heights stormwater drain
-
General19 hours agoQueensland announced as 2027 Women’s Softball World Cup host in first Australian event since 1965
-
Noosa News21 hours agoInquest into Rosemarie Campbell’s death three days after gastric bypass surgery hears of ‘massive loss’ to family