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Peak Rare Earths Limited ( (AU:PEK) ) has shared an announcement.
Peak Rare Earths Limited has announced a reminder for its shareholders regarding the closing date of its entitlement offer, which aims to raise approximately A$7.5 million. The offer allows eligible shareholders to purchase new shares at a rate of one new share for every 4.7 shares held, priced at A$0.10 per share, and is set to close on 23 June 2025. This capital raising initiative is part of the company’s strategy to bolster its financial position and support its ongoing operations in the rare earths sector.
The most recent analyst rating on (AU:PEK) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Peak Rare Earths Limited stock, see the AU:PEK Stock Forecast page.
More about Peak Rare Earths Limited
Peak Rare Earths Limited operates in the mining industry, focusing on the extraction and production of rare earth elements. These elements are critical for various high-tech applications, including electronics, renewable energy, and defense systems.
YTD Price Performance: 157.14%
Average Trading Volume: 1,056,307
Technical Sentiment Signal: Buy
Current Market Cap: A$117.4M
For an in-depth examination of PEK stock, go to TipRanks’ Overview page.