TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Elementos Limited ( (AU:ELT) ).
Elementos Limited has announced a non-renounceable entitlement offer, allowing shareholders to purchase additional shares without disclosure under the Corporations Act. The offer is structured to prevent any single entity from gaining a controlling interest, with a private placement to Metals X planned to give them a 19.99% stake, pending shareholder approval. This move is part of Elementos’ strategy to strengthen its market position and support its tin project developments.
The most recent analyst rating on (AU:ELT) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on Elementos Limited stock, see the AU:ELT Stock Forecast page.
More about Elementos Limited
Elementos Limited is focused on the exploration, development, and production of tin projects globally. The company owns two major tin projects with large resource bases in mining-friendly regions, aiming to address the anticipated tin supply shortfall driven by increased demand from electrification, green energy, and other technological advancements.
YTD Price Performance: 307.14%
Average Trading Volume: 275,540
Technical Sentiment Signal: Buy
Current Market Cap: A$88.98M
See more data about ELT stock on TipRanks’ Stock Analysis page.