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Bluglass ( (AU:BLG) ) has provided an announcement.
BluGlass Limited has successfully completed a consolidation of its issued capital, converting shares and options on a 20:1 basis following shareholder approval. This consolidation aims to streamline the company’s capital structure, with the new consolidated shares set to resume trading on 5 December. The consolidation process involved rounding up fractional securities, resulting in a slightly larger final consolidated figure than a straightforward 20:1 calculation would suggest. This move is expected to impact the company’s market operations by potentially increasing share value and simplifying shareholder records.
The most recent analyst rating on (AU:BLG) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Bluglass stock, see the AU:BLG Stock Forecast page.
More about Bluglass
BluGlass Limited (ASX:BLG) is a prominent supplier of GaN laser diode products catering to the global photonics industry, with a focus on industrial, defense, bio-medical, and scientific markets. The company is among a select few globally that provide end-to-end GaN laser manufacturing, offering custom laser diode development and manufacturing services from its operations in Australia and the US. BluGlass is recognized for its innovative RPCVD manufacturing technology, which enhances laser performance for future devices.
YTD Price Performance: -55.21%
Average Trading Volume: 149,683
Technical Sentiment Signal: Sell
Current Market Cap: A$28.11M
See more data about BLG stock on TipRanks’ Stock Analysis page.