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Galan Lithium Limited ( (AU:GLN) ) has provided an announcement.
Galan Lithium Limited has issued 614,830 fully paid ordinary shares to its employees under the Galan Securities Incentive Plan. This move, facilitated under the exemption of section 708A(5) of the Corporations Act, allows for the on-sale of these shares without disclosure, potentially enhancing employee engagement and aligning interests with the company’s growth objectives.
The most recent analyst rating on (AU:GLN) stock is a Buy with a A$0.30 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 operates in the mining industry, focusing on the exploration and development of lithium projects. The company primarily deals with lithium, a key component in battery production, which positions it strategically within the growing electric vehicle and renewable energy markets.
Average Trading Volume: 4,333,490
Technical Sentiment Signal: Hold
Current Market Cap: A$310.5M
See more insights into GLN stock on TipRanks’ Stock Analysis page.