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The latest announcement is out from Galan Lithium Limited ( (AU:GLN) ).
Galan Lithium Limited issued a clarification regarding the issuance of 28,323,275 fully paid ordinary shares to service providers for earthmoving and construction services in Argentina. The company acknowledged an administrative oversight in its previous disclosures, which incorrectly stated the shares were issued under ASX Listing Rule 7.1A. The shares were actually issued under ASX Listing Rule 7.1, and this has been ratified by shareholders. Galan has reviewed its internal processes to prevent future inconsistencies in market disclosures.
The most recent analyst rating on (AU:GLN) stock is a Buy with a A$0.41 price target. To see the full list of analyst forecasts on Galan Lithium Limited stock, see the AU:GLN Stock Forecast page.
More about Galan Lithium Limited
Galan Lithium Limited is a company operating in the lithium industry, focusing on the production and supply of lithium products. The company is involved in earthmoving and construction services, particularly in Argentina, and is listed on the Australian Securities Exchange (ASX) under the ticker GLN.
Average Trading Volume: 3,450,993
Technical Sentiment Signal: Sell
Current Market Cap: A$164M
For detailed information about GLN stock, go to TipRanks’ Stock Analysis page.