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Australian Strategic Materials Ltd ( (AU:ASM) ) has provided an update.
Australian Strategic Materials Ltd has announced the quotation of new securities on the Australian Securities Exchange (ASX). The company is issuing 917 ordinary fully paid shares, which reflects its ongoing efforts to enhance its capital structure and support its strategic initiatives. This move may impact the company’s market positioning by potentially increasing its liquidity and investor base.
The most recent analyst rating on (AU:ASM) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Australian Strategic Materials Ltd stock, see the AU:ASM Stock Forecast page.
More about Australian Strategic Materials Ltd
Australian Strategic Materials Ltd is a company operating in the materials industry, focusing on the production and supply of strategic materials. The company is involved in the mining and processing of rare earth elements, which are crucial for various high-tech and clean energy applications.
Average Trading Volume: 1,429,594
Technical Sentiment Signal: Buy
Current Market Cap: A$339.7M
See more data about ASM stock on TipRanks’ Stock Analysis page.