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Galan Lithium Limited ( (AU:GLN) ) has issued an announcement.
Galan Lithium Limited has issued 101,492 fully paid ordinary shares to an employee under its 2022 Securities Incentive Plan, expanding its share capital as part of staff remuneration and alignment initiatives. The company has confirmed that these shares were issued without a prospectus but qualify for secondary trading under the Corporations Act exemption, and it states it is in compliance with its continuous disclosure and reporting obligations, indicating no additional undisclosed information relevant to investors.
The most recent analyst rating on (AU:GLN) stock is a Hold with a A$0.34 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 ASX-listed resources company focused on the exploration and development of lithium assets, a key raw material for batteries and the energy transition, with projects positioned to supply global battery and electric vehicle markets.
Average Trading Volume: 4,584,073
Technical Sentiment Signal: Hold
Current Market Cap: A$385.5M
For detailed information about GLN stock, go to TipRanks’ Stock Analysis page.