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The latest announcement is out from Latrobe Magnesium Limited ( (AU:LMG) ).
Latrobe Magnesium Limited has announced a change in the director’s interest, with David Oliver Paterson acquiring an additional 26,261,363 fully paid ordinary shares. This acquisition was part of a company equity raising initiative, which received shareholder approval at the recent Annual General Meeting. This move is expected to strengthen the company’s financial position and potentially enhance its market presence.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited operates in the mining and materials industry, focusing on the production and supply of magnesium products. The company is involved in the development of magnesium production technologies and aims to cater to various market needs, including automotive and construction sectors.
Average Trading Volume: 6,997,528
Technical Sentiment Signal: Hold
Current Market Cap: A$86.03M
See more insights into LMG stock on TipRanks’ Stock Analysis page.