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An update from Alexium International Group ( (AU:AJX) ) is now available.
Alexium International Group director Martyn Strickland has significantly increased his indirect shareholding in the company through entities associated with Colinton Capital Partners, reflecting a larger financial stake and alignment with shareholder interests. The increase, totaling more than 800 million additional ordinary shares acquired at $0.006 each via participation in a rights issue and underwriting of shortfall shares, substantially lifts Strickland’s indirect holdings and underscores institutional support for the capital raising, potentially strengthening the company’s balance sheet and market confidence in its strategy.
The most recent analyst rating on (AU:AJX) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Alexium International Group stock, see the AU:AJX Stock Forecast page.
More about Alexium International Group
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$21.89M
See more insights into AJX stock on TipRanks’ Stock Analysis page.