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The latest update is out from Lotus Resources Limited ( (AU:LOT) ).
Lotus Resources Limited has completed a share placement, issuing 342,105,264 fully paid ordinary shares at A$0.19 each, raising approximately A$65 million. This capital raising, which excludes shares to directors pending shareholder approval, enhances Lotus’s financial capacity, potentially strengthening its market position and operational capabilities.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
More about Lotus Resources Limited
Lotus Resources Limited operates in the resources industry, focusing on the development and management of mining projects. The company is listed on the Australian Securities Exchange (ASX: LOT) and the OTCQX market (LTSRF).
Average Trading Volume: 13,569,868
Technical Sentiment Signal: Hold
Current Market Cap: A$474.4M
Learn more about LOT stock on TipRanks’ Stock Analysis page.