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ioneer Limited ( (AU:INR) ) has provided an update.
Ioneer Limited has announced a proposed issue of securities, involving a total of 302,500,000 ordinary fully paid shares. This includes 50,000,000 shares under a securities purchase plan and 252,500,000 shares through a placement or other type of issue. The move is aimed at raising capital to support the company’s ongoing projects and operations, potentially enhancing its market position and providing value to stakeholders.
The most recent analyst rating on (AU:INR) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on ioneer Limited stock, see the AU:INR Stock Forecast page.
More about ioneer Limited
Ioneer Limited operates in the mining industry, focusing on the development and production of lithium and boron products. The company is primarily engaged in advancing its Rhyolite Ridge Lithium-Boron Project, which aims to supply critical materials for the electric vehicle and renewable energy markets.
Average Trading Volume: 3,351,656
Technical Sentiment Signal: Sell
Current Market Cap: A$270.9M
For detailed information about INR stock, go to TipRanks’ Stock Analysis page.