tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Liontown Resources Announces Capital Raising for Lithium Project Expansion

Story Highlights
Liontown Resources Announces Capital Raising for Lithium Project Expansion

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Liontown Resources Limited ( (AU:LTR) ) has issued an announcement.

Liontown Resources Limited has announced a fully underwritten institutional placement of new shares, alongside a non-underwritten share purchase plan for eligible shareholders. This capital raising initiative is aimed at supporting the company’s ongoing projects and operations, including the development of the Kathleen Valley Project, which is crucial for its growth in the lithium market.

The most recent analyst rating on (AU:LTR) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.

More about Liontown Resources Limited

Liontown Resources Limited is a company operating in the mining industry, primarily focused on lithium extraction and production. The company is involved in developing the Kathleen Valley Project, which is a significant lithium mining endeavor.

Average Trading Volume: 15,866,573

Technical Sentiment Signal: Hold

Current Market Cap: A$2.08B

For detailed information about LTR stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1