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Alexium International Group ( (AU:AJX) ) has shared an announcement.
Alexium International Group Limited has announced a pro rata non-renounceable rights issue to raise approximately $6.77 million. The offer, underwritten by Colinton Capital Partners and other partners, will allow eligible shareholders to purchase new shares at a price of $0.006 each. This capital raising initiative is aimed at bolstering the company’s financial position and supporting its ongoing operations, potentially impacting its market presence and providing opportunities for growth.
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
Alexium International Group Limited operates in the specialty chemicals industry, focusing on the development and commercialization of advanced materials and technologies. The company is known for its innovative solutions in flame retardant and phase change materials, catering to various market segments including textiles and industrial applications.
YTD Price Performance: -16.67%
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$11.26M
For an in-depth examination of AJX stock, go to TipRanks’ Overview page.