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The latest update is out from Piedmont Lithium ( (AU:PLL) ).
Piedmont Lithium Inc. announced that its stockholders have approved all proposals at a Special Meeting, including a merger with Sayona Mining to form Elevra Lithium. This merger is expected to strengthen Piedmont’s position as a leading lithium supplier, enhancing its scale and resources. The merger is anticipated to have significant implications for the company’s operations and its role in the U.S. electric vehicle supply chain.
The most recent analyst rating on (AU:PLL) stock is a Buy with a A$0.10 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. is a North American company focused on developing a multi-asset, integrated lithium business. The company aims to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate from its projects, including the Carolina Lithium project in the United States and partnerships in Quebec with Sayona Mining and in Ghana with Atlantic Lithium. Piedmont is committed to supporting the transition to a net zero world and the electrification of transportation and energy storage.
YTD Price Performance: -3.45%
Average Trading Volume: 2,236,986
Technical Sentiment Signal: Sell
Current Market Cap: A$312.5M
Learn more about PLL stock on TipRanks’ Stock Analysis page.