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An announcement from Archer Materials ( (AU:AXE) ) is now available.
Archer Materials has made significant progress in its 12CQ quantum project by demonstrating the Coulomb blockade phenomenon and improving spin coherence times, moving closer to achieving a functional qubit. The company is also advancing its Biochip platform with successful CMOS integration and biosensor enhancements, targeting applications in chronic kidney disease. These developments, along with strategic leadership changes and a strong financial position, underscore Archer’s commitment to innovation and commercialisation.
The most recent analyst rating on (AU:AXE) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Archer Materials stock, see the AU:AXE Stock Forecast page.
More about Archer Materials
Archer Materials Limited is a semiconductor company focused on advancing the quantum technology and medical diagnostics industries.
Average Trading Volume: 290,692
Technical Sentiment Signal: Sell
Current Market Cap: A$68.81M
Learn more about AXE stock on TipRanks’ Stock Analysis page.