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EQTEC plc ( (GB:EQT) ) has issued an update.
EQTEC plc announced the conversion of a £50,000 principal amount into 30,595,875 new ordinary shares as part of its facility with Global Investment Strategy UK Limited. The new shares will be admitted to trading on AIM, increasing the total number of ordinary shares to 678,892,432. This move is part of EQTEC’s strategic financial activities, potentially impacting shareholder interests and enhancing the company’s market presence.
The most recent analyst rating on (GB:EQT) stock is a Hold with a £0.50 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 significantly impacted by its poor financial performance, characterized by declining revenues, substantial losses, and negative cash flow trends. Technical analysis indicates bearish momentum, with the stock trading below key moving averages and approaching oversold conditions. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield, further weighing down the score.
To see Spark’s full report on GB:EQT stock, click here.
More about EQTEC plc
EQTEC plc is a technology provider specializing in the clean conversion of waste into sustainable energy and biofuels. The company addresses global waste challenges and the demand for energy by converting waste into valuable commodities, supporting new energy and industrial infrastructure. EQTEC’s solutions are modular, scalable, and environmentally friendly, processing various types of waste without hazardous emissions. The company is listed on the London Stock Exchange’s AIM and has received the Green Economy Mark for its environmental solutions.
Average Trading Volume: 1,666,789
Technical Sentiment Signal: Sell
Current Market Cap: £1.87M
See more insights into EQT stock on TipRanks’ Stock Analysis page.