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Piedmont Lithium ( (AU:PLL) ) has shared an announcement.
Piedmont Lithium Inc. announced a net decrease in the number of CHESS Depositary Interests (CDIs) issued over quoted securities for July 2025, with a reduction of over 42 million CDIs. This change is attributed to net transfers of securities between CDIs and common stock, reflecting adjustments in the company’s securities management. The announcement indicates a strategic reallocation of securities, which could impact the company’s market positioning and investor relations.
The most recent analyst rating on (AU:PLL) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Piedmont Lithium stock, see the AU:PLL Stock Forecast page.
More about Piedmont Lithium
Piedmont Lithium Inc. operates in the lithium industry, focusing on the exploration and development of lithium resources. The company is primarily involved in the production and supply of lithium, which is a critical component in the manufacturing of batteries for electric vehicles and other technologies.
YTD Price Performance: -10.34%
Average Trading Volume: 2,269,471
Technical Sentiment Signal: Sell
Current Market Cap: A$302.7M
See more data about PLL stock on TipRanks’ Stock Analysis page.