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Lodestar Minerals ( (AU:LSR) ) has provided an update.
Lodestar Minerals Limited announced a proposed issue of securities, including 52,777,778 options exercisable at $0.01 per share and 79,166,667 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 is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction and production of minerals, with a market focus on expanding its resource base and enhancing its operational capabilities.
YTD Price Performance: -28.57%
Average Trading Volume: 3,509,740
Technical Sentiment Signal: Sell
Current Market Cap: A$1.91M
For a thorough assessment of LSR stock, go to TipRanks’ Stock Analysis page.