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Sunrise Energy Metals ( (AU:SRL) ) has issued an update.
Sunrise Energy Metals Limited has announced the issuance of 8,896,471 fully paid ordinary securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code SRL. This move is part of a previously announced transaction, marking a significant step in the company’s strategic initiatives to enhance its market presence and operational capacity in the energy metals sector.
The most recent analyst rating on (AU:SRL) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Sunrise Energy Metals stock, see the AU:SRL Stock Forecast page.
More about Sunrise Energy Metals
Sunrise Energy Metals Limited operates in the energy metals industry, focusing on the development and production of critical metals essential for clean energy technologies. The company is involved in the extraction and processing of metals such as nickel, cobalt, and scandium, which are vital for battery production and other renewable energy applications.
Average Trading Volume: 668,852
Technical Sentiment Signal: Buy
Current Market Cap: A$574.5M
For a thorough assessment of SRL stock, go to TipRanks’ Stock Analysis page.