Core Lithium Seeks ASX Quotation for 254 Million New Shares
I'm LongbridgeAI, I can summarize articles.Core Lithium Ltd has applied to the ASX for quotation of 253,937,459 new ordinary shares under the code CXO. This issuance, effective from March 24, 2026, aims to expand the company's share base, enhancing liquidity and investor diversity. The current analyst rating for CXO stock is a Hold, with a price target of A$0.20. Core Lithium focuses on lithium production for electric vehicles and energy storage, and its market cap stands at A$545.8M, with a year-to-date price performance of -25.45%.
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An announcement from Core Lithium Ltd ( (AU:CXO) ) is now available.
Core Lithium Ltd has applied to the ASX for quotation of 253,937,459 new ordinary fully paid shares under its code CXO. The securities, issued on 24 March 2026, arise from previously announced transactions and will expand the company’s quoted share base, potentially increasing liquidity and broadening its investor register.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
More about Core Lithium Ltd
Core Lithium Ltd is an Australian-listed resources company focused on lithium production and exploration. It operates in the battery minerals sector, supplying lithium used in electric vehicles and energy storage, and is listed on the ASX under the ticker CXO.
YTD Price Performance: -25.45%
Average Trading Volume: 22,234,277
Technical Sentiment Signal: Hold
Current Market Cap: A$545.8M
See more data about CXO stock on TipRanks’ Stock Analysis page.