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Lake Resources N.L. ( (AU:LKE) ) has issued an update.
Lake Resources N.L. has issued 265,175,053 fully paid ordinary shares at A$0.036 per share to sophisticated, professional, and director investors as part of a placement announced earlier. This move is in line with the company’s compliance with regulatory obligations and aims to strengthen its financial position, potentially enhancing its market presence and operational capabilities.
The most recent analyst rating on (AU:LKE) stock is a Buy with a A$0.13 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 aims to supply high-quality lithium products to meet the growing demand in the electric vehicle and renewable energy sectors.
Average Trading Volume: 8,074,463
Technical Sentiment Signal: Sell
Current Market Cap: A$64.86M
For a thorough assessment of LKE stock, go to TipRanks’ Stock Analysis page.