Latrobe Magnesium Limited ( (AU:LMG) ) just unveiled an update.
Latrobe Magnesium Limited has successfully raised $2.2 million through a private placement by issuing 200 million fully paid ordinary shares at $0.011 each to sophisticated and professional investors. This strategic move enhances the company’s financial position and aligns with its growth objectives, potentially impacting its market presence and offering new opportunities for stakeholders.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited operates in the magnesium industry, focusing on the production and supply of magnesium products. The company targets sophisticated and professional investors through its financial activities.
YTD Price Performance: -40.0%
Average Trading Volume: 1,490,181
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$28.18M
See more insights into LMG stock on TipRanks’ Stock Analysis page.