LKE 1.64% 6.0¢ lake resources n.l.

Euroz Hartleys initiates LKE coverage A$1.28 target

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    27 October 2021

    Euroz Hartleys initiates research coverage;
    'Spec buy' rating and A$1.28 target price




    Highlights

    * Euroz Hartleys initiates research coverage on Lake Resources with 'speculative buy' rating and A$1.28 per share target price

    * Lake described as "an advanced DLE [direct lithium extraction] developer" and industry leader

    * Report adds to other recent broker research on Lake, highlighting potential upside for investors as Company advances its clean lithium development.



    Clean lithium developerLake Resources NL (ASX:LKE; OTC:LLKKF) released today new research by Euroz Hartleys on the company, highlighting the upside potential for Lake with the development of its clean lithium technology.

    Euroz Hartleys has initiated coverage with a 'speculative buy' rating and a share price target of A$1.28 per share, highlighting that Lake is an industry leader in direct lithium extraction (DLE).

    "We initiate on LKE given it is an advanced DLE developer. It remains high risk as it moves towards development, but unrisked it has big valuation upside. Lithium investors should also follow closely as an industry leader in DLE," the report states.

 
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