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Next Science Ltd ( (AU:NXS) ) has issued an update.
ASX has suspended Next Science Limited’s securities from quotation after determining that, six months after agreeing to dispose of its main undertaking, the company’s level of operations is no longer sufficient to warrant continued listing under ASX Listing Rule 12.1. The suspension will remain in place until ASX is satisfied that Next Science has rebuilt its operations to meet listing requirements, leaving shareholders unable to trade the stock in the meantime and underscoring regulatory pressure on companies that divest core assets without re-establishing an adequate operating base.
The most recent analyst rating on (AU:NXS) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Next Science Ltd stock, see the AU:NXS Stock Forecast page.
More about Next Science Ltd
Next Science Limited (ASX: NXS) is an Australia-listed company whose securities trade on the Australian Securities Exchange. The company previously disposed of its main undertaking and has since been subject to ASX requirements to demonstrate a sufficient level of operations to justify its continued listing.
Average Trading Volume: 449,763
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$40.97M
See more data about NXS stock on TipRanks’ Stock Analysis page.