|Bid||25.50 x 900|
|Ask||25.58 x 1400|
|Day's Range||25.56 - 27.95|
|52 Week Range||4.00 - 54.50|
|Beta (5Y Monthly)||0.41|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||45.50|
Piedmont Lithium Limited ("Piedmont" or the "Company") (Nasdaq:PLL; ASX:PLL) today announced the closing of its previously announced underwritten public offering of 2.3 million American Depositary Shares ("ADSs"), which includes the full exercise of the underwriters’ option to purchase 300,000 additional ADSs, with each ADS representing 100 of its ordinary shares ("Public Offering"). The aggregate gross proceeds of the Public Offering, before underwriting discounts and commissions, totaled $57.5 million.
Piedmont Lithium Limited ("Piedmont" or the "Company") (Nasdaq:PLL; ASX:PLL) today announced the pricing of an underwritten public offering of 2.0 million of its American Depositary Shares ("ADSs"), each representing 100 of its ordinary shares ("Public Offering"), at a price per ADS to the public of $25.00, for aggregate gross proceeds of $50 million. Piedmont has granted the underwriters a 30-day option to purchase up to additional 300,000 ADSs at the issue price of the Public Offering. The Public Offering is expected to close on October 23, 2020, subject to customary closing conditions.
(Bloomberg) -- Piedmont Lithium Ltd., which recently struck a five-year raw-materials pact with Tesla to develop a lithium project in North Carolina, is issuing shares in the U.S. as attention in the battery materials space grows.The Perth, Australia-based company said it will offer 1.5 million American Depositary Shares, with each representing 100 of its ordinary shares, according to a regulatory filing. “Proceeds from the offering will be used to continue development of the Company’s Piedmont Lithium Project, including a definitive feasibility study, testwork, permitting, further exploration drilling and ongoing land consolidation, and for general corporate purposes,” the company said in the filing.Piedmont said in September that it will supply spodumene concentrate, a lithium raw material, to Tesla equating to about one-third of the miner’s planned supply for an initial five years. The announcement came after Tesla’s so-called battery day, during which the electric-car producer laid out plans to ramp up battery production as it churns out more automobiles to meet a coming surge in demand.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.