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An announcement from Core Lithium Ltd ( (AU:CXO) ) is now available.
Core Lithium Ltd has issued 278,065,184 ordinary shares at A$0.105 each to institutional and professional investors as part of an institutional placement. This move is expected to strengthen the company’s financial position, potentially enhancing its operations and market competitiveness in the lithium sector.
The most recent analyst rating on (AU:CXO) stock is a Buy with a A$0.15 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 operates in the mining industry, focusing on the extraction and production of lithium, a key component in battery manufacturing and renewable energy technologies.
Average Trading Volume: 11,589,605
Technical Sentiment Signal: Sell
Current Market Cap: A$246.4M
See more data about CXO stock on TipRanks’ Stock Analysis page.