Eguana Technologies ( (TSE:EGT) ) has provided an update.
Eguana Technologies Inc. announced the approval from the TSX Venture Exchange to consolidate its common shares on a 1-for-10 basis, reducing the number of outstanding shares significantly. This move, effective April 4, 2025, is expected to streamline the company’s share structure without altering shareholder ownership percentages or voting power, potentially enhancing its market positioning and operational efficiency.
More about Eguana Technologies
Eguana Technologies Inc. is a leading provider of high-performance energy storage systems, focusing on delivering flexible, modular, and cost-effective alternatives to traditional grid upgrades. Since 1998, the company has connected utilities with consumers through its commercial and residential energy storage solutions, manufactured in North America to ensure compliance and quality. Eguana’s products are designed to optimize use in major grid modernization markets, benefiting consumers, electricity retailers, distribution utilities, and system operators.
YTD Price Performance: -25.00%
Average Trading Volume: 120,124
Technical Sentiment Signal: Buy
Current Market Cap: C$6.78M
For a thorough assessment of EGT stock, go to TipRanks’ Stock Analysis page.