Golden Minerals shares are trading lower after the company announced a $2.1 million registered direct offering.
Portfolio Pulse from Benzinga Newsdesk
Golden Minerals announced a $2.1 million registered direct offering, causing its shares to trade lower.
June 27, 2023 | 12:37 pm
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Golden Minerals' shares are trading lower after announcing a $2.1 million registered direct offering.
The announcement of a registered direct offering typically leads to a dilution of existing shares, causing the stock price to drop in the short term. In this case, Golden Minerals' shares are trading lower as a direct result of the announcement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100