EQTEC Converts Facility into New Shares to Boost Market Position

EQTEC plc ( (GB:EQT) ) has issued an update.

EQTEC plc announced the conversion of a £100,000 principal amount into 133,689,839 new ordinary shares under its facility with Global Investment Strategy UK Limited. These shares will be admitted to trading on AIM, increasing the total number of shares in issue to 928,681,342. This move reflects EQTEC’s ongoing efforts to strengthen its financial position and enhance its market presence in the clean 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 technology provider specializing in the clean conversion of waste into sustainable energy and biofuels. The company addresses the challenges of increasing global waste and energy demand by converting waste into valuable commodities. EQTEC offers modular and scalable solutions for waste management and energy production, processing various types of waste without hazardous emissions. It is listed on the London Stock Exchange’s AIM and has received the Green Economy Mark for its environmental solutions.

Average Trading Volume: 9,035,454

Technical Sentiment Signal: Sell

Current Market Cap: £700.2K

For detailed information about EQT stock, go to TipRanks’ Stock Analysis page.