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Talga Group ( (AU:TLG) ) just unveiled an update.
Talga Group Ltd has reported a €70 million grant from the EU innovation fund, which will significantly bolster its operations in developing sustainable battery anode materials. This financial boost, along with a capital investment of $3.8 million and a cash balance of $13.2 million, positions Talga to enhance its industry standing and contribute to the sustainable future of battery production.
The most recent analyst rating on (AU:TLG) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Talga Group stock, see the AU:TLG Stock Forecast page.
More about Talga Group
Talga Group Ltd is a company focused on battery anode and advanced materials, aiming to accelerate the global transition towards sustainable growth. The company operates with high-grade graphite resources in northern Sweden, emphasizing clean, ethical, and secure supply chain practices.
Average Trading Volume: 794,965
Technical Sentiment Signal: Hold
Current Market Cap: A$216.6M
See more insights into TLG stock on TipRanks’ Stock Analysis page.