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The latest update is out from Sayona Mining ( (AU:SYA) ).
Sayona Mining Limited has announced the application for quotation of 2,156,250,000 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and is expected to enhance the company’s capital base, potentially strengthening its position in the lithium market and providing opportunities for growth and expansion.
The most recent analyst rating on (AU:SYA) stock is a Buy with a A$0.03 price target. To see the full list of analyst forecasts on Sayona Mining stock, see the AU:SYA Stock Forecast page.
More about Sayona Mining
Sayona Mining Limited operates in the mining industry, focusing primarily on the exploration and development of lithium projects. The company is engaged in the production of lithium, a critical component for batteries, with a market focus on supplying materials for the growing electric vehicle and renewable energy sectors.
Average Trading Volume: 44,333,435
Technical Sentiment Signal: Sell
Current Market Cap: A$594.3M
See more insights into SYA stock on TipRanks’ Stock Analysis page.