Contango Ore shares are trading lower after the company announced the commencement of a public offering of shares of its common stocks and accompanying warrants.
Portfolio Pulse from Benzinga Newsdesk
Contango Ore shares are trading lower following the announcement of a public offering of shares of its common stocks and accompanying warrants.
June 11, 2024 | 12:11 pm
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Contango Ore shares are experiencing a decline after the company announced a public offering of its common stocks and accompanying warrants.
The announcement of a public offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. Investors may be concerned about the potential dilution and the reasons behind the capital raise.
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