Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Galan Lithium Limited ( (AU:GLN) ) has provided an update.
Galan Lithium Limited has issued 86,560,979 fully paid ordinary shares as Tranche 1 of a placement to institutional and sophisticated investors, along with 99,262 additional shares following the exercise of unlisted options, expanding its share capital base. By lodging a secondary trading notice under section 708A(5) of the Corporations Act, the company confirms these shares were issued without a prospectus yet can now be freely traded under the Act’s exemptions, signalling regulatory compliance and facilitating liquidity for new investors without disclosing any additional price‑sensitive information to the market.
The most recent analyst rating on (AU:GLN) stock is a Hold with a A$0.40 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 an Australian-listed company focused on lithium, operating in the broader battery metals and electric-vehicle supply chain sector. Its primary activities involve issuing and managing equity capital to fund its projects and maintain its presence in the lithium market, where access to institutional and sophisticated investors is an important element of its financing strategy.
Average Trading Volume: 5,957,910
Technical Sentiment Signal: Hold
Current Market Cap: A$420.4M
Learn more about GLN stock on TipRanks’ Stock Analysis page.