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An update from Amaero International Ltd ( (AU:3DA) ) is now available.
Amaero Ltd announced the issuance of 125,000,000 fully paid ordinary shares as part of a placement, along with an additional 489,618 shares from the exercise of unlisted options. This move is part of a broader strategy involving a non-underwritten share purchase plan. The issuance was conducted without disclosure to investors, in compliance with relevant sections of the Corporations Act. This development is expected to bolster Amaero’s financial standing and enhance its capacity to serve its target industries.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
More about Amaero International Ltd
Amaero Ltd (ASX:3DA, OTC:AMROF) is a U.S.-based company specializing in the production of high-value refractory and titanium alloy spherical powders for additive and advanced manufacturing. The company serves industries such as defense, space, aviation, industrial, and medical sectors. Amaero is recognized for its expertise in gas atomization and PM-HIP manufacturing, contributing to the alleviation of supply chain strains for large-scale castings and forgings.
Average Trading Volume: 1,563,647
Technical Sentiment Signal: Buy
Current Market Cap: A$299M
Find detailed analytics on 3DA stock on TipRanks’ Stock Analysis page.