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The latest announcement is out from Latrobe Magnesium Limited ( (AU:LMG) ).
Latrobe Magnesium Limited has announced the application for the quotation of 2,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move follows the approval of the Employee Acquisition Plan by security holders in the 2021 Annual General Meeting. The issuance of these securities is part of the company’s ongoing efforts to enhance its market presence and operational capabilities, potentially impacting its industry positioning and stakeholder interests.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited operates in the magnesium industry, focusing on the production and supply of magnesium products. The company is involved in developing magnesium production facilities and aims to position itself as a key player in the magnesium market.
Average Trading Volume: 7,465,031
Technical Sentiment Signal: Sell
Current Market Cap: A$87.43M
For detailed information about LMG stock, go to TipRanks’ Stock Analysis page.