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An update from FBR Limited ( (AU:FBR) ) is now available.
FBR Limited has issued 53,820,242 fully paid ordinary shares at A$0.01 per share to complete Tranche 2 of its placement. This move is part of the company’s ongoing efforts to raise capital and strengthen its financial position, potentially impacting its operations and market positioning positively. The company has complied with relevant provisions of the Corporations Act and confirms no additional information needs to be disclosed to investors.
More about FBR Limited
FBR Limited is a company specializing in robotic technology, commercializing Dynamic Stabilisation Technology (DST) with applications such as the Hadrian X robot and Wall as a Service (WaaS). The company is also exploring future robotic applications in industries like shipbuilding, steel, and energy.
YTD Price Performance: -75.00%
Average Trading Volume: 20,570,328
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$33.81M
For a thorough assessment of FBR stock, go to TipRanks’ Stock Analysis page.