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An announcement from Elevate Uranium Ltd ( (AU:EL8) ) is now available.
Elevate Uranium Ltd has announced the issuance of new unquoted equity securities, including options and rights, as part of a previously disclosed transaction. This issuance involves 2,865,711 unquoted options exercisable at $0.41, expiring in 2029, and a total of 1,305,699 rights with varying expiration dates. This move is part of the company’s strategic financial maneuvers to support its operations and growth, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.
More about Elevate Uranium Ltd
Elevate Uranium Ltd operates in the uranium mining industry, focusing on the exploration and development of uranium resources. The company is involved in identifying and advancing uranium projects to meet the growing demand for nuclear energy.
Average Trading Volume: 1,494,411
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$130.3M
See more data about EL8 stock on TipRanks’ Stock Analysis page.