This does not sound good.
According to a note out of the Macquarie equities desk, its analysts have retained their underperform rating and reduced the price target on this lithium miner’s shares to 19 cents. The broker has made the move due to concerns over the slower than expected ramp up of its Altura operation in Western Australia. In light of this and its shrinking cash balance, the broker believes that Altura will require a capital raising before the end of the year. This is likely to be dilutive to existing shareholders.
AJM Chart, page-15
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $38.74K | 14.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 122 | 180381230 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 39662259 | 75 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |