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Arcadium Lithium Reports Decrease in CDIs and Increase in Ordinary Shares

Story Highlights
  • Arcadium Lithium Plc operates in the lithium industry, focusing on lithium products.
  • The company reported a net decrease of over 14 million CDIs due to transfers with ordinary shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Arcadium Lithium Plc Chess Depositary Interests Repr 1 Sh ( (AU:LTM) ) has provided an update.

Arcadium Lithium Plc has announced a net decrease in the number of Chess Depositary Interests (CDIs) issued over quoted securities, with a reduction of over 14 million CDIs from the previous month. This change is attributed to net transfers between CDIs and ordinary shares listed on the New York Stock Exchange. Additionally, there was a slight increase in ordinary shares due to the company’s Long Term Incentive Plan, which may impact shareholder value and market perception.

More about Arcadium Lithium Plc Chess Depositary Interests Repr 1 Sh

Arcadium Lithium Plc is a company operating in the lithium industry, focusing on the production and distribution of lithium products. The company is involved in the market for lithium, which is essential for various applications, including batteries for electric vehicles and other energy storage solutions.

YTD Price Performance: 14.39%

Average Trading Volume: 1,430,469

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: A$10.1B

See more insights into LTM stock on TipRanks’ Stock Analysis page.

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