Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Elate Holdings Limited ( (HK:0076) ) has shared an announcement.
Elate Holdings Limited announced that Aspect Group Limited (AGL) failed to fulfill its payment obligations for the purchase of graphite ore, leading Elate to issue a default notice. Due to political instability in Madagascar, where the graphite was sourced, Elate rejected AGL’s proposal for a payment deferral or return of unused ore. Instead, both parties agreed to settle the payment using the collateral provided by AGL, and they plan to continue their trading relationship amicably.
The most recent analyst rating on (HK:0076) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Elate Holdings Limited stock, see the HK:0076 Stock Forecast page.
More about Elate Holdings Limited
Elate Holdings Limited is a company incorporated in Hong Kong, primarily involved in the trading of graphite ores. The company focuses on the sale and management of graphite products, with a market focus that includes international trading partners.
Average Trading Volume: 2,959,598
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$116.9M
Find detailed analytics on 0076 stock on TipRanks’ Stock Analysis page.