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Australian Strategic Materials Ltd ( (AU:ASM) ) has issued an announcement.
Australian Strategic Materials Ltd announced the quotation of 42,292,501 fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This move is expected to enhance the company’s liquidity and provide additional capital for its strategic initiatives, potentially strengthening its position in the strategic materials market.
The most recent analyst rating on (AU:ASM) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Australian Strategic Materials Ltd stock, see the AU:ASM Stock Forecast page.
More about Australian Strategic Materials Ltd
Australian Strategic Materials Ltd operates in the materials industry, focusing on the production and supply of strategic materials. The company is primarily engaged in the development of advanced materials and rare earths, which are crucial for various high-tech and clean energy applications.
Average Trading Volume: 1,533,364
Technical Sentiment Signal: Buy
Current Market Cap: A$237M
For a thorough assessment of ASM stock, go to TipRanks’ Stock Analysis page.