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…
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