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Petra Capital Upgrades Core Lithium Ltd (CXOXF) to Hold

The company’s shares closed last Friday at $1.00.

Currently, the analyst consensus on Core Lithium Ltd is a Moderate Buy with an average price target of $0.68.

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Based on Core Lithium Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.

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Core Lithium Ltd is a lithium exploration company. The company is engaged in the exploration of lithium, copper deposits in Northern Territory and South Australia. Its projects include Finniss Lithium Project, and copper, zinc, and lead projects.

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