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DroneShield Limited ( (AU:DRO) ) has provided an announcement.
DroneShield Limited has announced the issuance of 31,161,833 fully paid ordinary shares without disclosure to investors under Part 6D.2 of the Corporations Act. The company has confirmed compliance with relevant provisions of the Corporations Act and stated that there is no excluded information as per sections 708A(7) and 708A(8). This move is part of DroneShield’s ongoing efforts to strengthen its market position and operational capabilities.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$5.30 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 is a company that provides Artificial Intelligence-based platforms for protection against advanced threats such as drones and autonomous systems. The company offers bespoke counter-drone and electronic warfare solutions, as well as off-the-shelf products for various platforms, serving customers in the military, intelligence community, government, law enforcement, critical infrastructure, and airports.
Average Trading Volume: 17,611,884
Technical Sentiment Signal: Buy
Current Market Cap: A$3.35B
Learn more about DRO stock on TipRanks’ Stock Analysis page.