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Lake Resources N.L. ( (AU:LKE) ) has issued an update.
Lake Resources N.L. announced a proposed bonus issue of securities, with a maximum of 226,788,594 options over ordinary shares to be issued. These options are exercisable at $0.05 each and will expire three years from the date of issue. This move could potentially enhance the company’s capital structure and provide additional resources for its ongoing lithium projects, thereby strengthening its position in the lithium market.
The most recent analyst rating on (AU:LKE) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Lake Resources N.L. stock, see the AU:LKE Stock Forecast page.
More about Lake Resources N.L.
Lake Resources N.L. operates within the mining industry, focusing on the exploration and development of lithium projects. The company is primarily engaged in producing lithium, a critical component for batteries, which is essential for the growing electric vehicle market.
Average Trading Volume: 9,918,278
Technical Sentiment Signal: Sell
Current Market Cap: A$69.92M
For detailed information about LKE stock, go to TipRanks’ Stock Analysis page.