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Elementos Limited ( (AU:ELT) ) has shared an announcement.
Elementos Limited has announced a non-renounceable entitlement offer to raise approximately $2.9 million by issuing new shares to eligible shareholders at a price of $0.28 per share. This offer is part of the company’s strategy to strengthen its financial position, although it is considered a speculative investment and is not accompanied by a prospectus. The offer is not available to U.S. investors and is subject to various legal and regulatory restrictions in other jurisdictions.
The most recent analyst rating on (AU:ELT) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on Elementos Limited stock, see the AU:ELT Stock Forecast page.
More about Elementos Limited
YTD Price Performance: 307.14%
Average Trading Volume: 275,540
Technical Sentiment Signal: Buy
Current Market Cap: A$88.98M
For an in-depth examination of ELT stock, go to TipRanks’ Overview page.