Alliance Global Partners adjusted the firm’s price target on Electra Battery Materials (ELBM) to $2.10 from $1 and keeps a Buy rating on the shares after Electra announced 2024 results and provided an update with respect to ongoing funding efforts related to the completion of construction at the company’s cobalt refinery in Ontario following the company’s recently enacted reverse split.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELBM:
- Electra Battery Materials Advances Cobalt Refinery and Recycling Initiatives
- Electra Battery Materials provides update on 2024 activities
- Electra Battery Materials’ Private Placement Fully Subscribed
- Electra Battery Materials confirms fully subscribed private placement
- Electra Secures Funding for North America’s Sole Cobalt Refinery