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The latest update is out from ANGLE plc ( (GB:CLBX) ).
CelLBxHealth plc has successfully closed its Retail Offer, raising approximately £0.96 million, with plans to issue 95,869,449 shares at 1.0 pence each, contingent upon the passing of resolutions at an upcoming General Meeting. The company aims to raise a total of £7.8 million through this fundraising effort, which will enhance its market position and operational capacity, with Cavendish Capital Markets Limited acting as the nominated adviser and broker.
The most recent analyst rating on (GB:CLBX) stock is a Sell with a £1.00 price target. To see the full list of analyst forecasts on ANGLE plc stock, see the GB:CLBX Stock Forecast page.
Spark’s Take on GB:CLBX Stock
According to Spark, TipRanks’ AI Analyst, GB:CLBX is a Underperform.
ANGLE plc’s overall stock score is primarily influenced by its financial performance and technical analysis. The company faces significant financial challenges with declining revenues and persistent losses, which are reflected in a low financial performance score. Technical indicators suggest bearish momentum, further impacting the stock’s attractiveness. Valuation metrics are also weak, with a negative P/E ratio and no dividend yield, contributing to the low overall score.
To see Spark’s full report on GB:CLBX stock, click here.
More about ANGLE plc
CelLBxHealth plc is a company specializing in circulating tumour cell (CTC) intelligence, offering innovative solutions for research, drug development, and clinical oncology. Their patent-protected Parsortix® platform is designed to harvest CTCs from blood for comprehensive analysis, and the company focuses on product sales, laboratory services, and lab-developed tests, operating from a GCLP certified UK laboratory.
Average Trading Volume: 3,136,586
Technical Sentiment Signal: Sell
Current Market Cap: £3.79M
See more insights into CLBX stock on TipRanks’ Stock Analysis page.