Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Alexium International Group ( (AU:AJX) ) just unveiled an announcement.
Alexium International Group Limited has released an updated Entitlement Offer booklet, which includes a revised timetable and minor changes. The company is conducting a pro rata non-renounceable Rights Issue to raise approximately $6.77 million before costs, offering new shares to eligible shareholders. This initiative is underwritten by Colinton Capital Partners Pty Ltd and others, and aims to strengthen the company’s financial position, potentially impacting its market presence and stakeholder interests.
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 is a provider of performance chemicals for advanced materials applications, focusing on flame retardancy and thermal management. The company leverages an innovation model with patent-protected technologies to address market gaps. Its high-performance products are tailored for industries such as bedding, body armour, military uniforms, and workwear. Notable brands include AlexiCool®, AlexiFlam®, Eclipsys®, BioCool®, and DelCool™.
YTD Price Performance: -16.67%
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$11.26M
For detailed information about AJX stock, go to TipRanks’ Stock Analysis page.