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Lake Resources N.L. ( (AU:LKE) ) has shared an announcement.
Lake Resources N.L. has issued 68,157,947 fully paid ordinary shares at A$0.036 per share and 271,664,985 options with an exercise price of $0.05, following shareholder approval. This strategic move aims to raise capital and strengthen the company’s financial position, potentially enhancing its market presence and operational capabilities in the lithium sector.
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 in the mining industry, focusing on the exploration and development of lithium projects. The company is involved in producing lithium carbonate, a key component for batteries, particularly in electric vehicles and energy storage solutions.
Average Trading Volume: 10,770,883
Technical Sentiment Signal: Sell
Current Market Cap: A$75.59M
For a thorough assessment of LKE stock, go to TipRanks’ Stock Analysis page.