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Core Lithium Ltd ( (AU:CXO) ) has issued an update.
Core Lithium Ltd has successfully raised approximately $4.3 million through its share purchase plan (SPP), following a recent $50 million placement to institutional investors. The issuance of 41,309,930 new fully paid ordinary shares at $0.105 per share aligns with the company’s strategic financial initiatives, potentially enhancing its operational capabilities and market positioning.
The most recent analyst rating on (AU:CXO) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
More about Core Lithium Ltd
Core Lithium Ltd is an Australian hard-rock lithium company that owns the Finniss Lithium Operation located on the Cox Peninsula, near the Darwin Port in Northern Territory. The company focuses on generating sustained shareholder value through critical minerals exploration and mining projects, adhering to strong environmental, safety, and social standards.
YTD Price Performance: 29.21%
Average Trading Volume: 10,006,841
Technical Sentiment Signal: Sell
Current Market Cap: A$278.4M
Find detailed analytics on CXO stock on TipRanks’ Stock Analysis page.