First Graphene Enhances Market Position with Strategic Share Issuance

First Graphene Ltd ( (AU:FGR) ) has issued an update.

First Graphene Limited has issued 30 million shares as part of a Subscription Agreement with Specialty Materials Investments, LLC, leveraging its capacity under Listing Rule 7.1 without requiring shareholder approval. This move is intended to bolster its financial position and support its role as a leading supplier of graphitic materials, facilitating growth and innovation in its target markets.

More about First Graphene Ltd

First Graphene Limited is an advanced materials company focused on developing graphitic materials and product formulations. It operates in large, high-growth global markets including cement and concrete, composites and plastics, coatings, adhesives, silicones and elastomers, and energy storage applications. The company aims to reduce carbon dioxide emissions through its advanced materials and has a strong presence with a manufacturing base in Henderson, WA, and an R&D capability in Manchester, UK.

YTD Price Performance: 75.00%

Average Trading Volume: 173,270

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $25.01M

For an in-depth examination of FGR stock, go to TipRanks’ Stock Analysis page.