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Liontown Resources Limited ( (AU:LTR) ) has issued an update.
Liontown Resources Limited has announced the application for quotation of 68,493,150 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially strengthening its position in the lithium market and providing additional resources for its ongoing projects.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
More about Liontown Resources Limited
Liontown Resources Limited operates in the mining industry, focusing primarily on the exploration and development of lithium projects. The company is engaged in advancing its lithium assets to meet the growing demand for battery-grade lithium products, which are crucial for electric vehicles and energy storage solutions.
YTD Price Performance: 78.10%
Average Trading Volume: 19,140,622
Technical Sentiment Signal: Buy
Current Market Cap: A$2.68B
For a thorough assessment of LTR stock, go to TipRanks’ Stock Analysis page.