Elevra Lithium shares jump before ASX 200 entry as Macquarie lifts rating
Elevra Lithium closed at A$13.10 on Tuesday, up 6.59%, ahead of its addition to the S&P/ASX 200 on June 22. Macquarie upgraded the stock to Outperform with a A$14.50 target. The shares have climbed nearly 19% in five days, despite weaker lithium prices. Elevra recently raised funds for project expansion through a share purchase plan and institutional placement.