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LGI LTD ( (AU:LGI) ) has issued an update.
LGI Limited has successfully completed its Share Purchase Plan (SPP), raising $4.99 million through the issuance of 1,298,688 new shares at $3.85 each. The SPP, which was oversubscribed, follows a previous $51.2 million placement and aims to support the company’s growth plans, including the development of new power stations and Battery Energy Storage Systems. This initiative reflects strong shareholder support and positions LGI to enhance its operations and market presence in the renewable energy sector.
The most recent analyst rating on (AU:LGI) stock is a Buy with a A$4.80 price target. To see the full list of analyst forecasts on LGI LTD stock, see the AU:LGI Stock Forecast page.
More about LGI LTD
LGI Limited is a leading company in the recovery of biogas from landfill, converting it into renewable electricity and environmental products. The company operates in the clean energy sector, focusing on engineering and managing landfill gas infrastructure to generate renewable electricity and achieve carbon abatement, addressing environmental issues associated with waste disposal sites.
Average Trading Volume: 198,364
Technical Sentiment Signal: Buy
Current Market Cap: A$438.2M
See more data about LGI stock on TipRanks’ Stock Analysis page.