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Lotus Resources Limited ( (AU:LOT) ) has issued an update.
Lotus Resources Limited has issued 285,943 fully paid ordinary shares following the exercise of options by former employees under its Incentive Option Plan. This move, compliant with the Corporations Act 2001, reflects the company’s ongoing efforts to manage its capital structure and incentivize its workforce, potentially impacting its market positioning and stakeholder interests.
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 mining industry, focusing on the exploration and development of uranium projects. The company is listed on the Australian Securities Exchange (ASX) under the ticker LOT and on the OTCQX under the ticker LTSRF.
Average Trading Volume: 16,404,411
Technical Sentiment Signal: Hold
Current Market Cap: A$610.6M
For detailed information about LOT stock, go to TipRanks’ Stock Analysis page.