H.C. Wainwright lowered the firm’s price target on Electra Battery Materials (ELBM) to $1.30 from $1.40 and keeps a Buy rating on the shares. The firm cites Electra’s recent financing that yielded some dilution for the target drop.
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Read More on ELBM:
- Electra Battery Materials Secures Financing and Plans Stock Split
- Electra Battery Secures Financing and Plans Stock Split
- Electra calls special meeting of shareholders to vote on reverse stock split
- Electra completes $5M financing, settles accrued interest on converible notes
- Electra Secures Long-Term Permit for Idaho Exploration
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
