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Cyclone Metals Ltd ( (AU:CLE) ) has provided an announcement.
Cyclone Metals Limited has announced the sale of its shareholding in European Lithium Ltd, capitalizing on a significant increase in the latter’s share price. This strategic move has generated approximately $14.3 million, bolstering Cyclone’s cash position to around $15.6 million, potentially enhancing its financial flexibility and operational capabilities.
More about Cyclone Metals Ltd
Cyclone Metals Limited is a company listed on the Australian Securities Exchange (ASX:CLE) that operates in the metals and mining industry. The company focuses on the exploration and development of mineral resources, contributing to the supply of essential materials for various industrial applications.
YTD Price Performance: 5.36%
Average Trading Volume: 2,552,205
Technical Sentiment Signal: Sell
Current Market Cap: A$65.25M
See more insights into CLE stock on TipRanks’ Stock Analysis page.