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Avacta Group Strengthens Financial Advisory Team with Zeus Capital Appointment

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Avacta Group Strengthens Financial Advisory Team with Zeus Capital Appointment

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Avacta Group plc ( (GB:AVCT) ) has shared an announcement.

Avacta Group plc has appointed Zeus Capital as a joint broker, alongside Peel Hunt and Panmure Liberum, to strengthen its financial advisory team. This appointment involves a related party transaction due to the association of Richard Hughes, a director of Avacta, with Zeus Capital. The board, excluding Hughes, has deemed the terms fair and reasonable for shareholders, potentially enhancing Avacta’s market positioning and stakeholder confidence.

Spark’s Take on GB:AVCT Stock

According to Spark, TipRanks’ AI Analyst, GB:AVCT is a Neutral.

Avacta Group plc’s overall stock score is significantly impacted by its weak financial performance and valuation, which are major concerns. Despite advancements in its strategic oncology focus and promising corporate events, the company’s reliance on external financing and operational inefficiencies remain critical risks.

To see Spark’s full report on GB:AVCT stock, click here.

More about Avacta Group plc

Avacta Therapeutics is a clinical-stage life sciences company focused on developing targeted oncology drugs. It utilizes the proprietary pre|CISION® platform, which is a tumor-specific protease-based delivery system designed to concentrate potent warheads in the tumor microenvironment while sparing normal tissues. The company’s innovative pipeline includes pre|CISION® peptide drug conjugates and Affimer® drug conjugates, offering unique benefits over traditional antibody drug conjugates.

Average Trading Volume: 1,781,224

Technical Sentiment Signal: Sell

Current Market Cap: £119.9M

See more insights into AVCT stock on TipRanks’ Stock Analysis page.

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