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Suvo Strategic Minerals ( (AU:GT3) ) just unveiled an announcement.
Green360 Technologies Limited has announced a debt to equity conversion involving the issuance of 20 million ordinary fully paid shares to extinguish $500,000 of a pre-existing $1 million loan. This move is likely aimed at improving the company’s financial structure by reducing debt, which could have positive implications for its market positioning and stakeholder confidence.
The most recent analyst rating on (AU:GT3) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Suvo Strategic Minerals stock, see the AU:GT3 Stock Forecast page.
More about Suvo Strategic Minerals
Average Trading Volume: 1,517,739
Technical Sentiment Signal: Sell
Current Market Cap: A$39.31M
See more data about GT3 stock on TipRanks’ Stock Analysis page.