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EQTEC plc ( (GB:EQT) ) has shared an update.
EQTEC plc announced the conversion of £75,000 into 116,099,071 new ordinary shares as part of a facility with Global Investment Strategy UK Limited. The new shares will be admitted to trading on AIM, increasing the total ordinary shares in issue to 794,991,503. This move reflects EQTEC’s ongoing efforts to strengthen its financial position and enhance its market presence in the sustainable energy sector.
The most recent analyst rating on (GB:EQT) stock is a Sell with a £0.07 price target. To see the full list of analyst forecasts on EQTEC plc stock, see the GB:EQT Stock Forecast page.
Spark’s Take on GB:EQT Stock
According to Spark, TipRanks’ AI Analyst, GB:EQT is a Underperform.
EQTEC plc’s overall stock score is primarily impacted by its poor financial performance and unattractive valuation. The technical analysis also suggests bearish momentum. The lack of earnings call data and corporate events further limits positive factors influencing the score.
To see Spark’s full report on GB:EQT stock, click here.
More about EQTEC plc
EQTEC plc is a provider of proprietary syngas technology and engineering services focused on the clean conversion of waste into sustainable energy and biofuels. The company addresses global challenges of increasing waste and energy demand through innovative, modular, and scalable solutions that process various types of waste without hazardous emissions. EQTEC is listed on the London Stock Exchange’s AIM and has received the Green Economy Mark for its environmental solutions.
Average Trading Volume: 4,137,470
Technical Sentiment Signal: Sell
Current Market Cap: £661.3K
For a thorough assessment of EQT stock, go to TipRanks’ Stock Analysis page.