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Environmental Clean Technologies Limited ( (AU:ECT) ) just unveiled an announcement.
Environmental Clean Technologies Limited announced that LJ & K Thomson Pty Ltd has decided to convert its convertible note into fully paid ordinary shares, significantly reducing the company’s debt and eliminating interest payments. This move strengthens ECT’s balance sheet and supports the acceleration of its technology development, reflecting confidence in the company’s strategy and alignment with key shareholders.
More about Environmental Clean Technologies Limited
Environmental Clean Technologies Limited operates in the clean technology industry, focusing on the development and commercialization of innovative and scalable technologies. The company is particularly involved in the remediation of PFAS-contaminated soil through its Rapid Electrothermal Mineralisation technology.
Average Trading Volume: 885,878
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$33.12M
For an in-depth examination of ECT stock, go to TipRanks’ Overview page.