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An announcement from Core Lithium Ltd ( (AU:CXO) ) is now available.
Core Lithium Ltd has announced the issuance of 198,125,292 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code CXO. This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially strengthening its market position and providing more resources to expand its operations in the lithium sector.
The most recent analyst rating on (AU:CXO) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
More about Core Lithium Ltd
Core Lithium Ltd operates in the mining industry, focusing on the extraction and production of lithium, a key component in battery manufacturing. The company is positioned to capitalize on the growing demand for lithium driven by the expansion of electric vehicles and renewable energy storage solutions.
Average Trading Volume: 9,469,054
Technical Sentiment Signal: Sell
Current Market Cap: A$258.6M
For a thorough assessment of CXO stock, go to TipRanks’ Stock Analysis page.