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Genetic Technologies Faces Potential Wind-Up Amidst Insolvency

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Genetic Technologies Faces Potential Wind-Up Amidst Insolvency

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An update from Genetic Technologies ( (AU:GTG) ) is now available.

Genetic Technologies Limited is undergoing a voluntary administration process. The administrators have called for a reconvened second meeting of creditors to decide the company’s future, with options including executing a DOCA, ending the administration, or winding up the company. As no DOCA proposal has been received and the company is insolvent, the administrators recommend winding up the company.

More about Genetic Technologies

Average Trading Volume: 100

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $5.87M

Find detailed analytics on GTG stock on TipRanks’ Stock Analysis page.

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