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The latest update is out from Lindian Resources Limited ( (AU:LIN) ).
Lindian Resources Limited has announced the issuance of 1,723,595 fully paid ordinary securities, which will be quoted on the ASX. This move is part of the company’s strategy to leverage convertible securities, potentially impacting its capital structure and providing additional liquidity options for stakeholders.
The most recent analyst rating on (AU:LIN) stock is a Buy with a A$0.91 price target. To see the full list of analyst forecasts on Lindian Resources Limited stock, see the AU:LIN Stock Forecast page.
More about Lindian Resources Limited
Lindian Resources Limited operates in the resources industry, focusing on the exploration and development of mineral projects. The company is primarily involved in the production and exploration of bauxite and other mineral resources, with a market focus on expanding its resource base and enhancing shareholder value.
Average Trading Volume: 9,195,632
Technical Sentiment Signal: Buy
Current Market Cap: A$590.1M
Find detailed analytics on LIN stock on TipRanks’ Stock Analysis page.