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Altech Chemicals Limited ( (AU:ATC) ) has provided an update.
Altech Batteries Limited has surrendered Exploration License 70/4718, previously held by its wholly owned subsidiary Canning Coal Pty Ltd, and has received formal acknowledgment of the surrender from the Department of Mines, Petroleum and Exploration. The company described the license as a non-core asset, and its relinquishment is aimed at reducing operating costs, signalling a further tightening of its portfolio around core battery-related activities and improving capital efficiency for shareholders.
The most recent analyst rating on (AU:ATC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.
More about Altech Chemicals Limited
Altech Batteries Limited is an Australia-based company in the battery and advanced materials sector, listed on the ASX under the code ATC. Through its subsidiaries, it holds and manages resource and technology assets that support its focus on battery-related projects and associated mining and exploration interests.
Average Trading Volume: 3,508,663
Technical Sentiment Signal: Sell
Current Market Cap: A$64.05M
Learn more about ATC stock on TipRanks’ Stock Analysis page.