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Pensana Rare Earths PLC ( (GB:PRE) ) has shared an announcement.
Pensana Plc has announced the issuance of 3,290,476 new ordinary shares, following a GBP 2 million placement to institutional shareholders. This move increases the company’s issued share capital to 302,462,465 ordinary shares, enhancing its financial flexibility and market presence. The new shares are expected to be admitted to trading on the London Stock Exchange, providing shareholders with updated voting rights and potentially impacting their investment calculations.
More about Pensana Rare Earths PLC
Pensana Rare Earths PLC operates in the rare earth elements industry, focusing on the exploration and development of rare earth metal resources. The company aims to supply materials critical for the production of electric vehicles and wind turbines, positioning itself as a key player in the sustainable energy market.
Average Trading Volume: 1,047,441
Technical Sentiment Signal: Buy
Current Market Cap: £342.6M
See more insights into PRE stock on TipRanks’ Stock Analysis page.