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Brazilian Rare Earths Seeks ASX Quotation for 135.6m Ordinary Shares

Story Highlights
  • Brazilian Rare Earths focuses on developing rare earth resources for global markets.
  • The company applied to quote 135.6 million ordinary shares on ASX, boosting free float and liquidity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Brazilian Rare Earths Seeks ASX Quotation for 135.6m Ordinary Shares

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An update from Brazilian Rare Earths Ltd. ( (AU:BRE) ) is now available.

Brazilian Rare Earths Limited has applied to the ASX for quotation of 135,631,564 ordinary fully paid shares under the code BRE, following the expiry of escrow on restricted securities. The additional quotation of these shares increases the stock freely tradeable on the market, potentially enhancing liquidity for existing holders and broadening access for new investors as the company seeks to strengthen its capital markets profile.

The most recent analyst rating on (AU:BRE) stock is a Buy with a A$7.30 price target. To see the full list of analyst forecasts on Brazilian Rare Earths Ltd. stock, see the AU:BRE Stock Forecast page.

More about Brazilian Rare Earths Ltd.

Brazilian Rare Earths Limited is an Australian-listed company focused on the exploration and development of rare earth resources, a critical input for advanced manufacturing, clean energy technologies and high-performance electronics. Its activities are geared toward supplying global markets that rely on secure and diversified sources of rare earth minerals.

Average Trading Volume: 534,928

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.18B

See more data about BRE stock on TipRanks’ Stock Analysis page.

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