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An update from Esports Mogul Limited ( (AU:LU7) ) is now available.
Lithium Universe Limited has completed the second tranche of its share placement to sophisticated and professional investors, issuing 2.5 million fully paid ordinary shares to Executive Chairman Iggy Tan at A$0.016 per share to raise A$40,000 following shareholder approval at its recent general meeting. Shareholders also approved and the company has now issued 56,406,250 listed options, including one option for each share subscribed for under both placement tranches and options to lead manager 62 Capital, with the options expiring on 7 August 2028 and trading under ASX code LU7OB; a cleansing statement will allow the new shares and options to trade immediately without on-sale restrictions, enhancing liquidity for existing and new investors.
The most recent analyst rating on (AU:LU7) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Esports Mogul Limited stock, see the AU:LU7 Stock Forecast page.
More about Esports Mogul Limited
Lithium Universe Limited is an Australian-listed company focused on developing lithium-related projects and building exposure to the lithium sector, aiming to participate in the supply chain supporting the global energy transition. The company targets investors interested in the battery metals space and positions itself within the broader lithium industry through capital markets activities on the ASX.
Average Trading Volume: 5,761,102
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$17.75M
See more data about LU7 stock on TipRanks’ Stock Analysis page.