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Adveritas Limited ( (AU:AV1) ) just unveiled an update.
Adveritas Limited has successfully raised $8.5 million through an oversubscribed institutional placement, issuing 85 million new shares at $0.10 each. The funds will bolster the company’s strategic objectives, including expansion into the USA and new verticals, ongoing product development, and increased integration with affiliate platforms to enhance cross-selling opportunities.
The most recent analyst rating on (AU:AV1) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Adveritas Limited stock, see the AU:AV1 Stock Forecast page.
More about Adveritas Limited
Adveritas Limited operates in the technology industry, focusing on providing innovative solutions for digital advertising and marketing. The company is known for its products and services that enhance digital advertising effectiveness, with a market focus on expanding into new verticals such as e-commerce and geographical regions like the USA.
Average Trading Volume: 268,721
Technical Sentiment Signal: Buy
Current Market Cap: A$83.7M
See more data about AV1 stock on TipRanks’ Stock Analysis page.