RBC Capital Markets analyst Chris Drew described Northern Iron’s decision to raise A$55.5 million at a significant discount in early October to shore up the company’s working capital position in the wake of volatile iron ore prices, as prudent.
“Now the company is on track for a record production quarter in December, it’s benefiting from a recovery in the iron ore price and has a stronger balance sheet,” Mr. Drew said.
RBC Capital Markets has an Outperform recommendation on Northern Iron and a price target of A$1.10 a share.
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be careful holders coz this one may get back on track very shortly
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Last
9.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.69M |
Open | High | Low | Value | Volume |
9.9¢ | 10.0¢ | 9.2¢ | $37.21K | 381.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45140 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 52202 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45140 | 0.092 |
1 | 32350 | 0.091 |
1 | 1689 | 0.090 |
1 | 4000 | 0.080 |
1 | 65800 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 52202 | 2 |
0.105 | 1109112 | 5 |
0.115 | 50000 | 2 |
0.130 | 75000 | 1 |
0.135 | 80050 | 2 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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