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Premier1 Lithium Shares Halted Ahead of Capital Raising and Acquisition Announcement

Story Highlights
  • Premier1 Lithium has requested a trading halt on its ASX-listed securities.
  • The halt precedes an announcement on a capital raising and acquisition that may reshape its portfolio and funding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Premier1 Lithium Shares Halted Ahead of Capital Raising and Acquisition Announcement

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SensOre Ltd ( (AU:PLC) ) has issued an update.

Premier1 Lithium Limited has requested a trading halt on all its listed securities on the ASX while it finalises an announcement concerning a capital raising and acquisition. The halt, granted under ASX Listing Rule 17.1, is expected to last for up to two business days, or until the company releases the pending update to the market, and signals that Premier1 is pursuing a funding and expansion transaction that could reshape its project portfolio and capital structure once details are disclosed.

The most recent analyst rating on (AU:PLC) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on SensOre Ltd stock, see the AU:PLC Stock Forecast page.

More about SensOre Ltd

Premier1 Lithium Limited is an Australian lithium exploration and development company listed on the ASX under the code PLC, with its head office in Perth, Western Australia. The company operates in the battery minerals sector, targeting lithium assets that support the rapidly growing electric vehicle and energy storage markets.

Technical Sentiment Signal: Sell

Current Market Cap: A$6.44M

Learn more about PLC stock on TipRanks’ Stock Analysis page.

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