tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Lodestar Minerals Announces Major Securities Issue to Bolster Growth

Story Highlights
Lodestar Minerals Announces Major Securities Issue to Bolster Growth

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.

Lodestar Minerals ( (AU:LSR) ) has provided an update.

Lodestar Minerals Limited has announced a proposed issue of securities, including 230 million options exercisable at $0.01 and expiring in four years, along with 345 million fully paid ordinary shares. This strategic move is aimed at raising capital to support the company’s growth initiatives and strengthen its financial position, potentially impacting its market standing and offering new opportunities for stakeholders.

More about Lodestar Minerals

Lodestar Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the extraction and processing of various minerals, with a strategic emphasis on expanding its market presence and enhancing its resource base.

YTD Price Performance: -28.57%

Average Trading Volume: 3,509,740

Technical Sentiment Signal: Sell

Current Market Cap: A$1.91M

See more insights into LSR stock on 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