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Latrobe Magnesium Limited ( (AU:LMG) ) has issued an announcement.
Latrobe Magnesium Limited has announced a proposed issue of 3,491,979 ordinary fully paid securities, as part of a placement or other type of issue. This move is expected to enhance the company’s financial resources, potentially impacting its operational capabilities and market positioning by providing additional capital to support its strategic initiatives.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited operates in the mining and materials industry, focusing on the production of magnesium. The company is involved in the extraction and processing of magnesium from resources, aiming to supply this lightweight metal for various industrial applications.
Average Trading Volume: 7,465,031
Technical Sentiment Signal: Sell
Current Market Cap: A$87.43M
For an in-depth examination of LMG stock, go to TipRanks’ Overview page.