Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Lake Resources N.L. ( (AU:LKE) ) has provided an update.
Lake Resources N.L. has issued 90 million fully paid ordinary shares to Acuity Capital Investment Management Pty Ltd as part of an At-the-Market Subscription Agreement. This move, involving shares priced at 3.23 cents and some at nil consideration, is part of the company’s strategy to enhance its financial positioning and operational capacity, potentially impacting its market presence and stakeholder interests.
The most recent analyst rating on (AU:LKE) stock is a Buy with a A$0.14 price target. To see the full list of analyst forecasts on Lake Resources N.L. stock, see the AU:LKE Stock Forecast page.
More about Lake Resources N.L.
Lake Resources N.L. operates in the mining industry, focusing on the exploration and development of lithium projects. The company is engaged in producing lithium, a key component for batteries, which is crucial for the growing electric vehicle market.
Average Trading Volume: 6,108,104
Technical Sentiment Signal: Sell
Current Market Cap: A$67M
For a thorough assessment of LKE stock, go to TipRanks’ Stock Analysis page.