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Acusensus Ltd ( (AU:ACE) ) just unveiled an update.
Acusensus Limited has successfully completed a $30 million placement of 20 million shares at $1.50 each, supported by existing and new professional investors. The funds will be used for business development, contract mobilization, product innovation, and other operational costs, enhancing the company’s growth strategy and market liquidity.
The most recent analyst rating on (AU:ACE) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Acusensus Ltd stock, see the AU:ACE Stock Forecast page.
More about Acusensus Ltd
Acusensus Limited is a technology company that designs and develops artificial intelligence-enabled road safety solutions. The company focuses on reducing road casualties globally through innovative products and services.
Average Trading Volume: 307,942
Technical Sentiment Signal: Buy
Current Market Cap: A$234.6M
Learn more about ACE stock on TipRanks’ Stock Analysis page.