ATOME PLC (AIM:ATOM) has had a 200p price target reiterated by broker Liberum following its latest update.
Highlights of the first half of the year so far are the US$2.5 million placing in February/March 2024 and the new shareholder facility in place, completion of the FEED Study, EPC partners appointed and talks on terms for the offtake of all production from the Villeta project.
ATOME is targeting to finalise project finance funding for Villeta and to start construction by the end of H2/24, which is a key catalyst for the shares notes the broker, which has also retained a ‘buy’ recommendation.
Shares are trading at 58p, up 2.7% today.