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The latest update is out from Liontown Resources Limited ( (AU:LTR) ).
Liontown Resources Limited has announced the early closure of its Share Purchase Plan (SPP) due to strong demand from shareholders, surpassing the initial target of A$20 million. The company will scale back applications received before the new closure date and may accept additional applications, indicating robust investor interest and potentially enhancing its financial position to support its strategic goals in the battery minerals sector.
The most recent analyst rating on (AU:LTR) stock is a Buy with a A$1.15 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 an emerging Tier-1 battery minerals producer focused on becoming a leader in environmental, social, and governance (ESG) standards. The company aims to be a significant provider of battery minerals for the clean energy market, controlling two major lithium deposits in Western Australia and seeking to expand its portfolio through exploration, partnerships, and acquisitions.
Average Trading Volume: 15,737,869
Technical Sentiment Signal: Buy
Current Market Cap: A$2.36B
Find detailed analytics on LTR stock on TipRanks’ Stock Analysis page.