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An update from Piedmont Lithium ( (AU:PLL) ) is now available.
Piedmont Lithium Inc. has announced a net decrease in the number of CHESS Depositary Interests (CDIs) issued over quoted securities, with a reduction of 40,286,900 CDIs from the previous month. This change is attributed to net transfers of securities between CDIs and common stock, reflecting ongoing adjustments in the company’s securities management strategy. The announcement highlights the company’s active management of its securities on both the ASX and Nasdaq, which may influence its market positioning and stakeholder interests.
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 producing lithium hydroxide for the electric vehicle and battery storage markets, positioning itself as a key player in the growing demand for lithium products.
Average Trading Volume: 1,886,910
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$202.4M
Learn more about PLL stock on TipRanks’ Stock Analysis page.