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LGI LTD ( (AU:LGI) ) has issued an announcement.
LGI Limited has announced a Share Purchase Plan (SPP) offering eligible shareholders the chance to purchase additional shares as part of a broader capital raising initiative. The SPP aims to raise up to $5 million, with proceeds allocated to accelerate high-priority projects and enhance the company’s financial capacity for future developments. This initiative reflects LGI’s strategic focus on expanding its renewable energy projects and strengthening its market position.
The most recent analyst rating on (AU:LGI) stock is a Hold with a A$4.50 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 operates in the renewable energy industry, focusing on sustainable solutions such as landfill gas capture, solar panels, and battery storage. The company is committed to environmental sustainability and aims to contribute to reducing carbon emissions through its innovative projects.
Average Trading Volume: 207,955
Technical Sentiment Signal: Buy
Current Market Cap: A$400.6M
For an in-depth examination of LGI stock, go to TipRanks’ Overview page.