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The latest update is out from Ionic Rare Earths Limited ( (AU:IXR) ).
Ionic Rare Earths Limited has announced the establishment of an Unmarketable Parcel Sale Facility to assist shareholders holding less than $500 worth of shares. This initiative aims to streamline shareholder management by selling these small holdings unless shareholders opt to retain them by a specified deadline. The company will cover all brokerage costs associated with the sale, and proceeds will be distributed to participating shareholders after the sale is completed. This move is expected to simplify the company’s share registry and potentially enhance shareholder value.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.37 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
More about Ionic Rare Earths Limited
Ionic Rare Earths Limited is a company operating in the rare earths industry, focusing on the exploration and development of rare earth elements, which are crucial for various high-tech and green energy applications.
Average Trading Volume: 1,104,089
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$80.99M
Learn more about IXR stock on TipRanks’ Stock Analysis page.