DroneShield Limited Announces Quotation of New Securities on ASX

DroneShield Limited ( (AU:DRO) ) has provided an update.

DroneShield Limited has announced the quotation of 200,000 fully paid ordinary securities on the Australian Securities Exchange (ASX), following the exercise of options or conversion of other convertible securities. This move is likely to enhance the company’s capital base, potentially supporting its growth and operational capabilities in the counter-drone technology market.

The most recent analyst rating on (AU:DRO) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.

More about DroneShield Limited

DroneShield Limited operates in the defense and security industry, specializing in the development and production of counter-drone technologies. The company focuses on providing solutions to detect, track, and mitigate unmanned aerial vehicles (UAVs) to protect critical infrastructure and ensure public safety.

Average Trading Volume: 12,151,022

Technical Sentiment Signal: Buy

Current Market Cap: A$1.4B

For an in-depth examination of DRO stock, go to TipRanks’ Overview page.