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Galan Lithium Limited ( (AU:GLN) ) has provided an update.
Galan Lithium Limited has issued 211,957 fully paid ordinary shares following the exercise of $0.35 options, increasing its share capital base. The company has confirmed that these shares were issued without a disclosure document but that their on-sale is permitted under the Corporations Act exemption, and it has affirmed compliance with its continuous disclosure and financial reporting obligations, indicating no undisclosed price-sensitive information for investors.
The most recent analyst rating on (AU:GLN) stock is a Hold with a A$0.39 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 Australia-based resources company focused on the exploration and development of lithium assets, positioning itself within the battery metals sector that supplies the global electric vehicle and energy storage markets.
Average Trading Volume: 4,712,421
Technical Sentiment Signal: Hold
Current Market Cap: A$454.6M
See more insights into GLN stock on TipRanks’ Stock Analysis page.