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Australian Vanadium ( (AU:AVL) ) has provided an update.
Australian Vanadium Limited has received a $2.55 million refund under the Australian Federal Government’s R&D Tax Incentive Scheme for the 2024/25 tax year, recognizing its investment in process innovation and downstream value creation. This financial boost will enhance AVL’s cash position, supporting the Optimised Feasibility Study for the Australian Vanadium Project and advancing various approval and downstream initiatives, thereby strengthening its operational and industry positioning.
The most recent analyst rating on (AU:AVL) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Australian Vanadium stock, see the AU:AVL Stock Forecast page.
More about Australian Vanadium
Australian Vanadium Limited is a resource company focused on vanadium, offering investors exposure to the vanadium value chain, from resource extraction to applications in steel and energy storage. The company is advancing the Australian Vanadium Project at Gabanintha, one of the most advanced vanadium projects globally. AVL also owns VSUN Energy, a subsidiary dedicated to renewable energy and energy storage solutions, particularly vanadium flow batteries (VFBs).
YTD Price Performance: -28.57%
Average Trading Volume: 11,426,066
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$86.69M
Find detailed analytics on AVL stock on TipRanks’ Stock Analysis page.