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Greenland Minerals And Energy Requests A Trading Halt For Capital Raising

Greenland Minerals and Energy (ASX: GGG) is in an immediate trading halt pending a capital raising.

The company has requested the halt to last until an announcement is made or until Monday 1 October.

This week, Bell Potter reviewed Greenland Minerals and derived a twelve month share price target of $2.32 - almost nearly seven times higher than the last trade of $0.34.

The broker said that "Kvanefjeld is one of the few Tier 1 mineral projects held by a small cap that has a real chance of being built in the next five years. With post-tax NPV (15%) of $2.4bn, its economic potential is indisputable."

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