Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Lefroy Exploration Ltd. ( (AU:LEX) ) just unveiled an update.
Lefroy Exploration Limited has announced that 5.6 million options, each exercisable at A$0.45 and due to expire on 20 January 2026, have lapsed unexercised and ceased to exist as securities on the ASX. The expiry of these options slightly simplifies the company’s capital structure by removing a tranche of potential future equity dilution, but does not directly affect its current issued shares, leaving existing shareholders’ current holdings unchanged while reducing overhang from outstanding options.
The most recent analyst rating on (AU:LEX) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Lefroy Exploration Ltd. stock, see the AU:LEX Stock Forecast page.
More about Lefroy Exploration Ltd.
Lefroy Exploration Limited is an Australian-listed mining exploration company (ASX: LEX) focused on identifying and advancing mineral resource projects. It operates within the resources sector, typically targeting exploration-stage assets to build a portfolio of prospective tenements for potential development or joint ventures.
Average Trading Volume: 349,471
Technical Sentiment Signal: Buy
Current Market Cap: A$68.32M
Find detailed analytics on LEX stock on TipRanks’ Stock Analysis page.