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Peak Rare Earths Limited ( (AU:PEK) ) just unveiled an announcement.
Peak Rare Earths Limited has announced a pro-rata non-renounceable entitlement offer to raise approximately A$7.5 million by offering eligible shareholders the opportunity to subscribe for new shares. This move is part of the company’s strategic plan following its acquisition by Shenghe, and it aims to clarify the key dates for shareholders, including the ‘Ex’ date and the Offer Record Date, to ensure they understand their rights and eligibility to participate.
The most recent analyst rating on (AU:PEK) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Peak Rare Earths Limited stock, see the AU:PEK Stock Forecast page.
More about Peak Rare Earths Limited
Peak Rare Earths Limited operates in the mining industry, focusing on the extraction and production of rare earth elements. The company is based in Perth, Western Australia, and is listed on the Australian Securities Exchange (ASX) under the ticker PEK.
Average Trading Volume: 392,577
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$42.25M
See more data about PEK stock on TipRanks’ Stock Analysis page.