The latest update is out from Latrobe Magnesium Limited ( (AU:LMG) ).
Latrobe Magnesium Limited has announced the issuance of 200 million fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code LMG. This move is part of a previously announced transaction, and it is expected to bolster the company’s financial position, potentially enhancing its capacity to advance its magnesium production initiatives and strengthen its market presence.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited operates in the mining industry, focusing on the production and supply of magnesium. The company is engaged in developing a magnesium production plant in Latrobe Valley, Victoria, Australia, aiming to utilize the region’s abundant resources to produce magnesium metal.
YTD Price Performance: -40.0%
Average Trading Volume: 1,490,181
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$28.18M
See more data about LMG stock on TipRanks’ Stock Analysis page.