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An announcement from Alkemy Capital Investments Plc ( (GB:ALK) ) is now available.
Alkemy Capital Investments Plc has announced a loan conversion resulting in the issuance of 90,572 new ordinary shares. This move will increase the company’s share capital to 10,662,592 ordinary shares, with the new shares set to be admitted to trading on the London Stock Exchange. This development is part of Alkemy’s strategic efforts to bolster its financial position and support its ongoing projects in the critical minerals sector, which are crucial for the global energy transition and the European electric vehicle market.
Spark’s Take on GB:ALK Stock
According to Spark, TipRanks’ AI Analyst, GB:ALK is a Underperform.
Alkemy Capital Investments Plc is facing significant financial instability, with negative equity and ongoing losses being primary concerns. However, recent strategic initiatives and partnerships in lithium refining may offer long-term growth potential. The stock exhibits weak technical momentum, and the valuation indicates profitability issues.
To see Spark’s full report on GB:ALK stock, click here.
More about Alkemy Capital Investments Plc
Alkemy Capital Investments Plc is focused on developing critical mineral infrastructure to support the global energy transition. Through its subsidiary, Tees Valley Lithium Limited (TVL), Alkemy is establishing Europe’s first independent lithium hydroxide refinery, aiming to supply battery-grade lithium chemicals to meet the demand of the electric vehicle supply chain in Europe.
Average Trading Volume: 60,602
Technical Sentiment Signal: Buy
Current Market Cap: £36.16M
See more insights into ALK stock on TipRanks’ Stock Analysis page.