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The latest update is out from Vulcan Energy Resources Ltd. ( (AU:VUL) ).
Vulcan Energy Resources Ltd. has announced a decision to increase its share capital to raise up to EUR 30 million in gross proceeds. The new shares will be admitted to trading on the Frankfurt Stock Exchange and the Australian Stock Exchange, which is expected to strengthen Vulcan’s financial position and support its ongoing projects in the lithium and renewable energy sectors.
The most recent analyst rating on (AU:VUL) stock is a Buy with a A$11.50 price target. To see the full list of analyst forecasts on Vulcan Energy Resources Ltd. stock, see the AU:VUL Stock Forecast page.
More about Vulcan Energy Resources Ltd.
Vulcan Energy Resources Ltd. is a company focused on developing a carbon-neutral, integrated lithium and renewable energy business. Their primary project, the Lionheart Project, is located in the Upper Rhine Valley Brine Field, which is the largest lithium resource in Europe. The company aims to produce sustainable lithium for European electric vehicle batteries using its proprietary VULSORB® technology.
Average Trading Volume: 640,902
Technical Sentiment Signal: Sell
Current Market Cap: A$811.3M
Find detailed analytics on VUL stock on TipRanks’ Stock Analysis page.