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The latest announcement is out from Harvest Technology Group Ltd. ( (AU:HTG) ).
Harvest Technology Group has drawn down a further $1 million in convertible securities under its existing $6 million funding facility with RiverFort Global Opportunities, issuing associated options under its refreshed placement capacity. The additional capital will be used to accelerate execution of contracted and pipeline opportunities, support working capital as revenues grow, and strengthen the balance sheet to underpin near-term growth initiatives, leaving $3.5 million still available under the facility and improving the company’s liquidity and strategic flexibility.
The most recent analyst rating on (AU:HTG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Harvest Technology Group Ltd. stock, see the AU:HTG Stock Forecast page.
More about Harvest Technology Group Ltd.
Harvest Technology Group Limited is a Perth-based global provider of network-optimised remote operations solutions, delivering real-time remote control, communication, automation and monitoring capabilities. The company focuses on ultra‑low bandwidth livestreaming technologies that allow customers to maintain connectivity with remote operations and personnel worldwide while using only a fraction of conventional bandwidth resources.
Average Trading Volume: 1,149,139
Technical Sentiment Signal: Hold
Current Market Cap: A$16.4M
Find detailed analytics on HTG stock on TipRanks’ Stock Analysis page.