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Lark Distilling Co. Ltd. ( (AU:LRK) ) has provided an announcement.
Lark Distilling Co. Ltd. announced a proposed issue of 528,928 ordinary fully paid securities as part of a placement or other type of issue. This move is expected to enhance the company’s capital base, potentially supporting its operational growth and market expansion strategies. The issuance of these securities, pending approval and quotation on the ASX, could have significant implications for the company’s financial health and its stakeholders.
The most recent analyst rating on (AU:LRK) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Lark Distilling Co. Ltd. stock, see the AU:LRK Stock Forecast page.
More about Lark Distilling Co. Ltd.
Lark Distilling Co. Ltd. operates in the spirits industry, focusing on the production and distribution of premium distilled beverages. The company is known for its high-quality whisky products and has a market focus on expanding its presence in the Australian and international spirits markets.
Average Trading Volume: 45,700
Technical Sentiment Signal: Sell
Current Market Cap: A$84.34M
See more insights into LRK stock on TipRanks’ Stock Analysis page.