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Amaero Ltd Issues New Shares to Bolster Financial Position

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Amaero Ltd Issues New Shares to Bolster Financial Position

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An update from Amaero International Ltd ( (AU:3DA) ) is now available.

Amaero Ltd announced the issuance of 100,000 fully paid ordinary shares following the exercise of unlisted options, raising $24,000. This move, compliant with relevant sections of the Corporations Act, reflects the company’s ongoing efforts to strengthen its financial position and operational capabilities, potentially impacting its market standing and stakeholder interests.

The most recent analyst rating on (AU:3DA) stock is a Buy with a A$0.60 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. Their products are used in various industries, including defense, space, aviation, industrial, and medical sectors. The company is recognized for its advanced gas atomization technology and PM-HIP manufacturing, which aids in addressing supply chain challenges for large-scale castings and forgings.

Average Trading Volume: 573,417

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$255.5M

For a thorough assessment of 3DA stock, go to TipRanks’ Stock Analysis page.

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